1. DBT: Transfers in 9 months at whopping Rs 86,000 crore

DBT: Transfers in 9 months at whopping Rs 86,000 crore

With several more schemes including those of textile and farm sectors coming under its ambit, direct benefit transfers (DBT) by the government touched Rs 85,809 crore in the first nine months of the current financial year, up 15% from the transfers in the whole of FY17.

By: | New Delhi | Updated: January 3, 2018 6:17 AM
dbt, direct benefit transfers, transfer in 9 months, DBT disbursals, farm sectors, textile firms, dbt applicable schemes, current financial year DBT disbursals might cross Rs 1 lakh crore in FY18 as 409 or 90% of the 460 DBT-applicable schemes are already on board. (Representative Image: Reuters)

With several more schemes including those of textile and farm sectors coming under its ambit, direct benefit transfers (DBT) by the government touched Rs 85,809 crore in the first nine months of the current financial year, up 15% from the transfers in the whole of FY17. DBT disbursals might cross Rs 1 lakh crore in FY18 as 409 or 90% of the 460 DBT-applicable schemes are already on board. In FY17, only 142 schemes were covered and the Centre disbursed Rs 74,707 crore to beneficiaries’ bank accounts. Following the widening of the schemes under DBT and aggressive Aadhaar seeding with bank accounts to plug leakages, the number of DBT beneficiaries has almost doubled to 60 crore in April-December of FY18 against the the whole of FY17. The substantial improvement in DBT in FY18 is due to disbursals under the “others” category — which includes schemes related to textiles, credit-linked subsidy, agri and allied sectors. Release of funds under the category jumped to Rs 33,804 crore in first nine months of FY18 as against Rs 3,249 crore in FY17.

The DBT enabler, JAM (Jan Dhan, Aadhaar and Mobile), has resulted in cumulative savings of Rs 57,029 crore from FY15 to FY17 for the Centre in subsidies on cooking gas, food, wages under the employment guarantee Act etc. However, the government’s annual target of Rs 3 lakh crore, across a host of welfare payouts, via DBT platform is still some a big distance away. There has been only tardy progress in DBT of food and fertiliser subsidies. These two subsidies amount to about Rs 2 lakh crore annually or roughly two-thirds of the government’s annual bill for social security and entitlements.

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