Cash transfer scheme roll-out in 20 districts from Jan 1

Tags: News
The government will roll out its ambitious scheme of transferring cash to beneficiaries of select schemes in 20 districts tomorrow, but food, fertiliser and fuel subsidies will not be covered in the initial phase.

Announcing the roll-out plan, Finance Minister P Chidambaram said that more and more districts and schemes would be covered under the scheme during the course of 2013.

"We are proceeding with caution. 20 districts from January 1... All 26 schemes are ready for rollout. On January 1, the seven schemes in which pay out is due in the (20 selected) districts, the money will be transfered through the direct benefit transfer system using the UIDAI platform," he said.

The Minister, however, clarified that subsidies relating to cooking gas (LPG), kerosene, diesel, food and fertilisers will not be included in the first phase of the roll-out.

"At the moment there is no intention to transfer subsides on food, fertiliser, diesel and kerosene through direct benefit transfer. Here, existing system will continue because they are complex issues," he said.

On subsidy on LPG, the Minister clarified, "I don't know when it will be covered. It is not covered in the first phase."

The Minister said that scheme will be rolled out in 43 districts by March 1 - 20 districts from January 1, 11 districts from February 1 and 12 districts from March 1.

By end of 2013, Chidambaram said, the direct cash benefit transfer will be rolled out in all the districts of the country.

He said the subsidies would be transferred to the beneficiaries' bank accounts if they do not have an Aadhaar number.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • The US can no longer take India for granted, as Kerry’s visit shows

    Despite the feel good factor in Indo-US ties, not the least surprising given BJP’s long term support for free market and laissez-faire economy, the

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Urs Schöttli

Why cleanliness is a vital human right

I have spent the past few months in India witnessing ...

Parvez Imam

Tourism agenda with a colonial undertone

Tourism is supposed to bring in foreign exchange and provide ...

Dharmendra Khandal

Let the tiger breathe in its natural home

The world has been observing July 29 as International Tiger ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture