New -Delhi, April 18 (IANS). A total of Rs 3.48 Lakh Crore was saved with a decrease in leakage under India’s direct profit transfer (DBT) system. Since the launch of this system launched by the PM Modi government, the beneficiary cover has scored 16 crore to 176 crore. To prevent leakage, money is sent directly to the bank accounts of the beneficiaries under this system. As a result, subsidy allocation has dropped from 16 percent to 9 percent of total expenses. The study said: “DBT ensured accuracy on leakage and the promotion of transparency as well as accuracy for fund distribution. It refined the spread of welfare with DBT.” This policy document evaluates a decade (2009-2024) data to determine the impact of DBT on budget, subsidy and social results. The policy document states that the welfare efficiency index increased from 0.32 in 2014 to 0.91 in 2023. This index measures fiscal and social benefits. According to the document, the welfare budget recorded a decrease in the subsidy award in 2009-10 despite an increase of Rs 8.5 Lakh Crore from Rs 2.1 Lakh Crore to Rs 2023-24, reflecting the success of DBT. According to the document, food subsidy is 53 percent of total savings, while under MGN Law and PM-Kisan programs, a saving of Rs 22.106 crore has been reached by transferring timely wages. The base-linked verification contributed to reducing false beneficiaries, which expanded the coverage without fiscal expenses. The study used mixed-sweet approaches, in which the budget data of the Union, DBT portal records and secondary sources were tested. It also recommends strengthening digital infrastructure and prioritizing rural and semi-urban bank access. The study states that Ai-Drivan fraud detection should be integrated to reduce leakage. -Ians skt/kr share this story -tags
Reduction in leakage of DBT has saved India Rs 3.48 Lakh Crore over the past ten years: Report
