All You Wanted To Know About Direct Benefit Transfer

  • Three pension schemes for old age, disability and widow pension schemes have been included under DBT from 1 July, 2013. The benefits of MGNREGA will also be deposited directly in the bank accounts of beneficiaries from 1st October, 2013.
  • The DBT will be expanded to include   post office and schemes run through Post office Accounts from 1st October, 2013. Beneficiaries can then get DBT transferred to their postal account as well.
  • For those areas where there is no bank and the post office is yet not ready, the Central Government is deputing ‘banking correspondents’ who are representatives of banks to help villagers open bank accounts.
  • The Banking Correspondent carries a small machine called ‘Micro ATM’ with him. The villager gives his/her thumb impression and his or her account is opened after verification and money can be withdrawn thereafter.
  • The Government has launched Direct Benefit Transfer for LPG scheme from 1st June, 2013. In order to avail of this benefit, the beneficiary must have an LPG account and a bank account which are linked with the Aadhaar number.

    • All Aadhaar linked domestic LPG consumers get an advance subsidy amount of Rs.435/- in their bank account as soon as they book the first subsidized cylinder even before delivery. Once the first cylinder is delivered to such consumers, subsidy eligible on date of delivery will again get credited in the bank account, which will then be available for the purchase of the next cylinder at market rate.
    • Public Sector Marketing Companies that provide the cylinders also provide the facility on their web-sites to check whether the Aadhaar number has been attached to LPG consumer number/bank account. There is a toll free number 18002333555 for the same.
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