English Release 20-October 2014
- President's Secretariat
- President of India conveys greetings and best wishes to the President of Indonesia
- Prime Minister's Office
- Foreign Minister of Nepal calls on PM
- PM congratulates Mr. Joko Widodo on being sworn in as the President of Indonesia
- Text of Prime Minister Narendra Modi’s speech at the 42nd Annual Convocation Ceremony of AIIMS, New Delhi
- PM delivers Convocation Address at the 42nd Convocation of AIIMS
- Min of Agriculture
- Indigenous Breed of Cow Has Great Potential to Increase Farm Income – Dr. Sanjeev Balyan
- Min of Commerce & Industry
- Union Commerce & Industry Minister Smt Nirmala Sitaraman launches website on e-governance initiatives of Coffee Board
- Streamlining the Procedure for Grant of Industrial Licenses
- Min of Corporate Affairs
- Form ADT-1 available for filing
- Min of Defence
- Air Chief Marshal Arup Raha’s Visit to Japan
- Senior Defence Officers Trained at Pune for assuming
Senior Roles in Civil Industry
- INS Teg Visits Simon's Town, South Africa for IBSAMAR
- Ministry of Finance
- Bankruptcy Reforms Committee
- Min of Health and Family Welfare
- PM to inaugurate World Ayurveda Conference on November 6
- Min of Home Affairs
- Police Commemoration Day to be observed tomorrow
- Min of Information & Broadcasting
- IIMC to be upgraded to a Communication University: Shri Prakash Javadekar
- Min of Labour & Employment
- Labour Minister Sh Narendra Singh Tomar calls for ‘balanced approach’ towards labourers
- Union Government is Committed to Protect the Interests of Workers: Sh Narendra Singh Tomar
- Min of Personnel, Public Grievances & Pensions
- Dr. Jitendra Singh takes up issue of aggrieved students of ‘Prime Minister’s Special Scholarship Scheme for J&K’ with HRD Minister
- Min of Petroleum & Natural Gas
- Global crude oil price of Indian Basket was US$ 85.06 per bbl on 17.10.2014
- Min of Skill Development, Entrepreneurship, Youth Affairs and Sports
- India Won 6 Medals at 2nd Asian Para Games 2014 on 19th October, 2014
- Min of Textiles
- Textiles Minister inaugurates “Silk Fab” exhibition
- Min of Urban Development
- 400 new quarters made available for government employees in New Delhi
- Ministry of Water Resources
- Expert Advisory Group Constituted to Render Assistance to Matters Pertaining to Water Sector
Prime Minister's Office26-November, 2012 21:13 IST
|PM's Closing Remarks at the First Meeting of the National Committee on Direct Transfers
Following is the text of the Prime Minister, Dr. Manmohan Singh’s closing remarks at the first meeting of the National Committee on Direct Transfers.
“We have just concluded a very useful round of discussions about a very important initiative that the government has taken.
The government today spends huge funds on schemes and programmes for the benefit of the common man and the under-privileged sections of society. These schemes have the potential to bring about improvements in the lives of a large number of our people provided they are targeted correctly and implemented effectively. The funds that are provisioned for direct benefits like pensions, scholarships and health-care benefits must reach the intended beneficiaries without delays and leakages. Apart from these direct benefits, the government also provides an amount of over 3 lakh crore Rupees in subsidies which too must reach the right people.
Direct Cash Transfers, which are now becoming possible through the innovative use of technology and the spread of modern banking across the country, open the doors for eliminating waste, cutting down leakages and targeting beneficiaries better. We have a chance to ensure that every Rupee spent by the government is spent truly well and goes to those who truly deserve it.
I am happy at the widespread support that I have heard across the table for Direct Cash Transfers. I have also listened carefully about the challenges that lie in our way in moving to a system of Direct Cash Transfers. In the coming days we will need to make every possible effort to address these challenges.
The twin pillars for the success of the system of Direct Cash Transfers that we have envisioned are the Aaadhaar Platform and Financial Inclusion. If either of these pillars is weak, it would endanger the success of the initiative. I would expect the Finance Ministry and the Unique Identification Authority to work in close coordination to achieve a collective goal.
To move closer towards the goal of financial inclusion, the banking system perhaps needs to integrate the post office network, especially in the rural parts of the country. It also needs to ensure that the front end infrastructure is in place all over the country, both through the existing modes of banking and through newer innovative ones, so that people have no trouble in opening bank accounts and withdrawing and depositing cash. Ideally, the common man should be able to open a simple bank account on demand if they have an Aadhaar number. This would have many other benefits too, beyond cash transfers. For banks, the increase in the number of account holders would be an investment in their own growth.
The Unique Identification Authority must ensure that the coverage of Aadhaar is adequate as per the rollout plan and no one is left out. An Aadhaar number should be available on demand if beneficiaries are getting left out.
I would urge the individual ministries to work in right earnest for implementation of the Direct Cash Transfers initiative. They will need to digitize their databases, most of which are with the States, and seed them with Aadhaar numbers. You will be provided help by both the Unique Identification Authority and the IT Ministry. But, you will in turn need to assist the States.
This is a program in which the implementation capacity of our government will be tested. We must ensure at all times that there is no duplication of effort, and technology is used to the fullest for efficiency gains.
The timelines we have set for ourselves are ambitious. Fifty one districts are to rollout from January next year and 18 States from April. And the rest of the country later in 2013. I have no doubt we can succeed in achieving these goals provided we work sincerely and collectively.
I wish you all success in your efforts to put in place a system of Direct Cash Transfers.”
(Release ID :89481)