Using the Public Financial Management System (PFMS) know-how platform, greater than Rs 36,659 crore has been transferred by means of direct profit switch (DBT) to the financial institution accounts of 16.01 crore beneficiaries for the reason that begin of the lockdown, within the wake of the outbreak of Covid-19, the Controller General of Accounts mentioned on Sunday.
DBT funds by the Centre, between March 24 and April 17, beneath all of the central sector/centrally-sponsored schemes amounted to Rs 27,442 crore in schemes such because the PM-Kisan (Rs 17,733 crore), Mahatma Gandhi National Employment Guarantee Scheme (Rs 5,406 crore) and Indira Gandhi National Old Age Pension Scheme (Rs 999 crore). Additionally, states collectively made DBT funds of Rs 9,717 crore.
DBT ensures that the money profit is immediately credited into the account of the beneficiary, eliminating the danger of leakage in addition to enhancing effectivity. Cash advantages introduced beneath the Prime Minister Garib Kalyan Yojna bundle are additionally being transferred by means of DBT. The Centre transferred Rs 9,930 crore to 19.86 crore ladies Jan- Dhan accounts (Rs 500 to every account) until April 13 .
PFMS utilization for DBT funds elevated during the last three monetary years, with disbursements rising 45% year-on-year to Rs 2.67 lakh crore in FY20. It rose 22% Y-o-Y to Rs 1.84 lakh crore in FY19. However, DBT funds (money and type), inclusive of non-PFMS modes, declined 16% year-on-year to Rs 2.76 lakh crore in FY20, in line with the DBT Bharat web site.