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English Release 20-August 2014
Date Month Year
  • President's Secretariat
  • President of India condoles the passing away of Shri Bks Iyengar
  • Conference of Chairmen, Board of Governors and Directors of Indian Institutes of Technology to be held on August 22
  • Prime Minister's Office
  • PM condoles the passing away of Yogacharya BKS Iyenger
  • PM presents DRDO awards
  • Min of Defence
  • Raksha Mantri Lays Foundation Stone for Nau Sena Bhawan Building Complex
  • Make DRDO a Hub for Defence Manufacturing – Arun Jaitley
  • The Coas Pays Respect to Mortal Remains of Havildar Gaya Prasad
  • Port Call INS Sahyadri at Manila, Philippines
  • Ministry of Finance
  • Public Comments sought on Draft of Forward Contracts (Regulation) (Intermediaries) Rules, 2014
  • Min of Food Processing Industries
  • Committee setup to suggest restructuring of FCI
  • Min of Health and Family Welfare
  • No Ebola suspect case admitted today to Quarantine cum Isolation Health Facility at Delhi Airport
  • Min of Home Affairs
  • Home Minister Reviews Assam-Nagaland Border Incidents
  • Special Training on Disaster Management
  • Director General Level Talks Between NCB, India and PNB, Sri Lanka
  • Home Minister Launches the Plan Scheme of Mainstreaming Civil Defence in Disaster Risk Reduction
  • FCRA Outreach Seminar in Maharashtra
  • Min of Personnel, Public Grievances & Pensions
  • Dr. Jitendra Singh Submits Proposal for Women Toilets in Border Areas of J&K
  • ACC Appointment
  • Min of Petroleum & Natural Gas
  • Petroleum & Natural Gas Minister reviewed the project of tourist facilities and peripheral being developed by the Indian Oil Foundation Trust
  • Global crude oil price of Indian Basket decreased to US$ 99.94 per bbl on 19.08.2014
  • Min of Power
  • PM to Dedicate 765 kV Ranchi-Dharamjaygarh-Sipat Inter-Regional Transmission Line ;
  • Prime Minister to Dedicate Mouda Super Thermal Power Project to the Nation in Nagpur Tomorrow
  • Ministry of Tourism
  • State Tourism Ministers Conference to be held in New Delhi on 21st August 2014
  • Min of Urban Development
  • DDA to Take up Projects to Decongest Five Critical Roads
  • Ministry of Water Resources
  • 2015-2016 to be Observed as Water Conservation Year One Uninterrupted Stream of Ganga to be Ensured within Three Years Says Uma Bharti
  • Min of Youth Affairs & Sports
  • SAI released Rs. 11.27 crore to Hockey India during 2014-15 for various activities against the allocated budget of Rs. 10.50 crore

Previous Date

 
Prime Minister's Office28-September, 2012 18:40 IST
Prime Minister sets up the Architecture for Cash Transfers
Thrust to Improve Targeting & Reduce wastage & leakages and increase transparency

            In a move to cut down wastage, duplication and leakages and enhance efficiency, the Prime Minister has given a major push to transfer individual benefits from the Government directly into the bank accounts of beneficiaries. This is to be done in a fast-track, accelerated mode to be achieved in a time bound manner. The idea is to move to a completely electronic Cash Transfer System for the entire population.

            In order to accelerate the process, which currently is being tried in pilots on a small scale and whose results are very encouraging, the Prime Minister has set up the architecture for moving to electronic Cash Transfers leveraging Aadhaar.

1.         Architecture for Cash Transfers

            In order to speed up activity and ensure that the shift to electronic Cash Transfers can be rolled out rapidly, the Prime Minister has set up the Architecture for Cash Transfers which will be the coordination mechanism. This architecture will consist of:

i.          National Ministerial Committee - under the Prime Minister with membership of all concerned ministers (Finance, IT, Social Justice, HRD, Minorities, Labour, Health, Food, P&NG, Fertilizers, Planning Commission, UIDAI,). This committee at the highest level would ensure coordination and decision-making at the highest level and impart the necessary urgency to the program.

ii.          National Executive Committee - with the Secretaries of all concerned Ministries as members. This committee would meet frequently to coordinate action, ensure adherence to time lines and sort out hitches in the program as it is rolled out.

iii.         Implementation Mission and Committees - to work on and finalise all operational and implementation details relating to the design and operation of the transfer system. There is a lot work needed to have a smooth roll-out and has to be done in a Mission mode with multiple agencies acting in a coordinated manner.  The Mission will have the following sub-committees:

a.         Cash Transfer Mission - Technology Committee -to focus on the technology, architecture and IT issues.

b.         Cash Transfer Mission - Financial Inclusion Committee - to focus on ensuring Universal Access to Banking and achieving complete Financial Inclusion.

c.         Cash Transfer Mission - Electronic Benefit Transfer (EBT) Committees - to work out the details relating to EBT such as data bases, transfer rules, controls, audits, etc. There would be one for each Ministry which is engaging in benefit transfers.

            The milestones and timeliness for each of these Committees will be clearly laid down.  The National Executive Committee will monitor progress and ensure timely roll-out.  This scheme will have a momentous impact on the government's various social programmes and help million of beneficiaries.

2.         Background to Aadhaar:

            With the rapid rollout of Aadhaar, now covering 20 crore people and rapidly growing to 60 crores, and with the National Population Register covering the other half, it is possible to move to a system of transferring cash benefits directly to the poor.

            A Cash Transfer System can be used for transferring cash benefits such as NREGA Wages, Scholarships, Pensions, Income support of other types and Health Benefits. Electronic Transfer of Benefits (ETB) is a simple change as the transfers are already taking place and the only modification that would be involved is a movement from a paper based, cash driven system to an electronic direct transfer system.

            Cash Transfer System would improve targeting, reduce corruption, eliminate waste, control expenditure and facilitate reforms.

 

3.         Pilots

            The results of pilots are encouraging. Electronic Benefit Transfer (EBT) has already begun in many cases. The Government and RBI have issued Guidelines to Banks for implementation of EBT. Pilots are under implementation, including in AP, Chhattisgarh, Punjab, Rajasthan, TN, WB, Karnataka, Puducherry and Sikkim. 

***

 

SC/SKS

 


(Release ID :88048)

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