Press Esc to close
Tuesday 28 July 2015
News updated at 11:08 PM IST
Weather
Max: 19°C
Min : 32°C
In Bengaluru
Rain lightly

New system of disbursing scholarships, subsidies from Jan 1

Sivaganga (TN) Nov 19, 2012 (PTI):
Union Finance Minister P Chidambaram at a press conference in New Delhi on Friday. PTI

A new system of disbursing scholarships, subsidies, and other financial benefits directly to the economically weaker people would commence on January 1, according to union finance minister P Chidambaram.

"The first phase of the scheme will be implemented in 51 districts across the country.New districts would be covered in phases once in three months and all districts would be covered in another 18 months," he said.

Chidambaram said the objective was to ensure that benefits reach the targeted groups and do away with middlemen. Old age pension, scholarships, Minimum wages under Mahathma Gandhi Rural Employment Guarantee Scheme, subsidies for ration and LPG would be paid directly to the beneficiaries, he said.

The minister was speaking at a function here yesterday after declaring open the 4119th branch of Central Bank of India.

Chidambaram said government wanted to open more branches to ensure all people have bank accounts. Nationalised banks alone had opened 7,500 branches in the last two years,he said, adding banks planned to recruit 63,200 people this year.


Go to Top

Photo Gallery
People paying respects to the sand sculpture of former President APJ Abdul Kalam...

People paying respects to the sand sculpture of former President APJ Abdul Kalam...

The Indian national flag flies at half mast on the dome of India's presidential palace Rashtrapati..

The Indian national flag flies at half mast on the dome of India's presidential palace Rashtrapati..

Artist Ramzan Hussain makes a pencil sketch of former President APJ Abdul Kalam...

Artist Ramzan Hussain makes a pencil sketch of former President APJ Abdul Kalam...

SSM School students during the condolence meeting of Former President APJ Abdul Kalam...

SSM School students during the condolence meeting of Former President APJ Abdul Kalam...

School children in tears as they light candles to pay tribute to former President APJ Abdul Kalam..

School children in tears as they light candles to pay tribute to former President APJ Abdul Kalam..

Sachin Tendulkar paying his last respects to former President APJ Abdul Kalam...

Sachin Tendulkar paying his last respects to former President APJ Abdul Kalam...

Pranab Mukherjee laying a wreath on the mortal remains of former President APJ Abdul Kalam...

Pranab Mukherjee laying a wreath on the mortal remains of former President APJ Abdul Kalam...

Narendra Modi pays respect after the body of former President A.P.J. Abdul Kalam...

Narendra Modi pays respect after the body of former President A.P.J. Abdul Kalam...

Indian Air Force personnel pay their respects to former President of India APJ Abdul Kalam...

Indian Air Force personnel pay their respects to former President of India APJ Abdul Kalam...

Bullet holes are seen on the windscreen of a car that was damaged in a gunfight...

Bullet holes are seen on the windscreen of a car that was damaged in a gunfight...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523