What is the full form of DBT ?

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Dbt Definition: DBT Full Form: Direct Benefit Transfer<p>Dbt Description:
The full form of DBT is Direct benefit Transfer which is a scheme to change the mechanism of transferring subsidies into the account of the public. Direct Benefit Transfer was launched by the Government of India on 1st January 2013. Direct Benefit transfer has the purpose to transfer subsidies directly into the public’s bank account.
The government of India launched this scheme of Direct Benefit Transfer to reduce leakages and delays to credit transfer. The government aimed to transfer the benefits to the under-privileged population which is under34 central schemes.
The direct benefit transfer program was launched by the government of India on 1st January 2013. First, it was only launched in the 20 districts that covered scholarships and social security pensions only.
Jairam Ramesh who is the former union minister for rural development of India and N Kiran Kumar Reddy who is the former chief minister of Andhra Pradesh inaugurated the DBT scheme at Gollaprolu in the East Godavari district. It was inaugurated on 6th January 2013.
On 15th January 2013, the first review for DBT was decided. In this review according to P Chidambaram, the scheme of DBT will be rolled out across 11 more districts by 1st February as well as other 12 districts by 1st March 2013.
In a later analyse 2 schemes dominated transfer in DBT according to the Prime Minister’s office.
This was through CPSMS which and the domination of these schemes were 83% of all transfers. These schemes were Janai Suraksha Yojana and scholarships.
However, in this review, it is founded that the lack of computerized records for schemes to be linked to DBT was hindering rollout.
Out of 39.76 lakh beneficiaries that should have been covered under different schemes, just 56% had bank accounts while 25.3% had both bank accounts and Aadhaar numbers.
Apart from this only 9.62% of bank accounts were attached to Aadhaar numbers.
DBT aims to put transparency as well as to dismiss the middle structure from the distribution of funds that are sponsored by the Central Government of India.
In these direct benefit transfer scheme, the citizen living below the poverty line can directly get their subsidy in their accounts.to rout DBT the common platform is the Central plan scheme monitoring system or CPSMS which was implemented

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Posted on 07 Dec 2024, this text provides information on General in Finance related to Finance. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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