With all government welfare schemes switching to the direct benefit transfer (DBT) regime soon, the Centre is hopeful that the high incidence of zero-balance accounts in the Pradhan Mantri Jan Dhan Yojana will come down substantially.Of the 21.68 crore bank accounts opened under the PMJDY scheme, a quarter or 26.39 per cent have zero balance. In the past one year, however, zero-balance accounts are substantially down from a level of 45 per cent in September 2015 to 26.39% with schemes such as DBT PAHAL or cash transfer for cooking gas kicking off.
The government has transferred Rs 61,824.30 crore through DBT in 59 schemes to beneficiary accounts in 2015-16. Of this, transfer towards Mahatma Gandhi National Rural Employment Guarantee Scheme was Rs 25,861.77 crore, and Rs 21,421 crore for DBT PAHAL. The government has now decided to include all Central sector schemes as well as third party transactions such as payments to workers under various schemes through the DBT.
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Zero-balance accounts percentage in PMJDY declines
By IndianMandarins - 2016-05-09 10:52:35
With all government welfare schemes switching to the direct benefit transfer (DBT) regime soon, the Centre is hopeful that the high incidence of zero-balance accounts in the Pradhan Mantri Jan Dhan Yojana will come down substantially.Of the 21.68 crore bank accounts opened under the PMJDY scheme, a quarter or 26.39 per cent have zero balance. In the past one year, however, zero-balance accounts are substantially down from a level of 45 per cent in September 2015 to 26.39% with schemes such as DBT PAHAL or cash transfer for cooking gas kicking off.
The government has transferred Rs 61,824.30 crore through DBT in 59 schemes to beneficiary accounts in 2015-16. Of this, transfer towards Mahatma Gandhi National Rural Employment Guarantee Scheme was Rs 25,861.77 crore, and Rs 21,421 crore for DBT PAHAL. The government has now decided to include all Central sector schemes as well as third party transactions such as payments to workers under various schemes through the DBT.
