Financial Inclusion
DBT has contributed to enhancing financial inclusion in rural India. The process of linking Aadhaar cards with bank accounts has allowed farmers to access various government benefits, such as the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme, which provides direct income support to farmers. As a result, farmers now have access to formal banking services, enabling them to save and invest their money securely.
Improved Efficiency
DBT has streamlined administrative processes, reducing bureaucratic red tape and making the disbursement of subsidies more efficient. The use of digital technology has simplified the application and verification processes, ensuring that eligible farmers receive their benefits without undue delays. This improved efficiency directly contributes to the economic growth of the agricultural sector.
Transparency and Accountability
DBT has brought greater transparency and accountability to the agricultural subsidy system. Farmers can easily track their transactions and verify the amount credited to their accounts. This transparency minimizes the scope for corruption and fraudulent practices, ensuring that the intended beneficiaries receive their entitlements.
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