Ranchi: Chief Secretary Mr R S Sharma today directed the members of the Consultative Group to Assist the Poor (CGAP) to come up with a detailed study for overcoming the barriers for implementing Direct Benefit Transfer (DBT).
He pointed out to the technological and regulatory constraints for operating DBT in the state.
The Chief Secretary was speaking at a meeting of the CGAP at the Project Building, which discussed the implementation of DBT in the state.
The Chief Secretary said that DBT aims to bring transparency in distribution of funds, which is directly transferred to the bank accounts of the citizens living below poverty line. It is also beneficial for National Social Assistance Programmes as well as scholarship programmes, he added.
At the meeting, the CGAP Manager Mr Stephen Rasmussen said that CGAP develops innovative solution for financial inclusion through practical research and active engagement with the financial service providers, policy makers, and funding organizations, globally.
He said that CGAP shares a common vision of improving the lives of poor people with better access to finance.
The Financial Inclusion Analyst, CGAP, Ms Shweta S. Banerjee at the meeting presented a series of recommendations for implementing DBT in the state. She suggested forming a DBT Cell for real-time monitoring of data.
The Chief Secretary stressed on devising a proper system in banks for DBT payments. He pointed out that the banks were reluctant in seeding the bank accounts with Aadhar for DBT payments.
He said that in order to fill the operational gaps there should be a clear information technology driven mechanism to clear the payments.
The Principal Secretary, Information Technology Department, Mr N.N. Sinha, Secretary, Finance Department, Mr A.P. Singh, along with other officials were present at the meeting.