Post office account to be used for DCT

The Finance Ministry has given indications that the large network of Indian postal services will be used to transfer benefits into the accounts of the beneficiaries. The regions where the banking facilities are not adequate or unavailable, the accounts of the beneficiaries in their nearby post offices will be credited with direct benefit transfer. An official said that there are 3.6 crore accounts in post offices used for MNREGA wages which can be utilized for Aadhaar based cash transfer implementation. The government launched the DBT scheme in 20 districts from January 1 through which the Aadhaar number of the beneficiary is linked with their bank account and the subsidy or cash is transferred is transferred directly into the bank accounts eliminating any leakage involved. The scheme will be launched in 11 more districts from February 1. The government is expecting to cover the entire country under this scheme by the end of this year.

Through DCT scheme a big amount of Rs. 2 crore has been transferred into the accounts of the beneficiaries in Karnataka till January 11. About 14000 people from three districts of state got benefit of this scheme.

Tamil Nadu has praised this scheme citing that the scheme will help to remove leakage involved in the present system. Finance Minister O Panneerselvam said to think beyond administrative convenience and appreciate the realities of entitlements and access at the grass root level.

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