What is a DBT direct benefit transfer?
Hi friends! If you take advantage of the government scheme, especially take the subsidy, then you must have heard the name DBT. Perhaps you are taking advantage of this, but there are many people who do not know what DBT is? Go through complete post to know in details: What is direct benefit transfer (DBT) ?
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In India, this system has been in operation for the recent few years and its impact is also seen quite positively. However, it is still lacking due to some inadequate IT infrastructure, but that too will be corrected gradually.
So today I am going to talk to you on this topic, what is DBT? If you also want to know the complete information about it, then read this article till the end.
Direct Benefit Transfer: What is DBT ?
Friends, first of all we know what is “direct benefit transfer”? What is DBT? So it is a clean medium to take advantage of government schemes, in which there is little scope for error.
If you know, earlier the subsidy or assistance money that we received from the government was through check, cash payment or discount on the services or goods. But this does not happen in DBT.
As its name suggests, it will directly benefit. So yes, with the arrival of Direct Benefit Transfer (DBT), the government subsidy will be directly transferred to the beneficiary in their bank account. There is no need of any middleman or agent here.
Benefits of DBT
- There is no need of any middleman in DBT, therefore, you will get honest money through this medium.
- What used to happen earlier, whoever is helping you in getting subsidy, would keep a few percent amount. But now this will not happen.
- Due to this, the amount used in public welfare will not be stolen.
- With the money coming into the bank account of the beneficiary, he can withdraw those money later also if needed. On the other hand, if money was received in hand, people would have spent it immediately, but now it will not happen.
If you see the benefits of DBT altogether, this system is stopping all illegal efforts in the government planning system quite well. There is no scope for dishonesty. Whoever has to get subsidy, is going directly to them.