Monday 26 November 2012

Manmohan Singh announced direct cash payout

Prime Minister Manmohan Singh  announced direct cash payout of subsidies to beneficiaries from January 1, 2013 while chairing the first meeting of the National Committee on Direct Transfers.

The subsidy amount would be transferred to beneficiaries' bank accounts linked to Aadhaar cards. The scheme is expected to cut down waste and corruption in the distribution of subsidised items.

Initially, the government will implement the scheme for cash transfer to the beneficiaries' accounts in 51 districts.

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