3 Steps for disbursement of Govt subsidies in Budget 2016

By | February 29, 2016

Initiatives to Ensure Targetted Disbursement of Government Subsidies and Financial Assistance to Actual Beneficiaries

Three specific initiatives have been proposed to achieve the objective of targeted disbursement of Government subsidies and financial assistance to the actual beneficiaries.

While presenting the General Budget 2016-17 in Lok Sabha today, the Union Finance Minister Shri Arun Jaitley said that this is the critical component of minimum government and maximum governance.  The three initiatives are:

First, a bill for Targeted Delivery of Financial and other subsidies, benefits and services by using the Aadhar framework.  A social security platform will be developed using Aadhar to accurately target beneficiaries.

Second, Direct Benefit Transfer (DBT) is proposed to be introduced on pilot basis for fertilizer in a few districts across the country.

Third, of the 5.35 lakh Fair Price Shops in the country, automation facilities will be provided in 3 lakh Fair Price Shops by March, 2017

Source Ministry of Finance 29-February, 2016

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