Press Esc to close
Thursday 27 July 2017
News updated at 2:49 AM IST

Govt to launch direct cash subsidy transfer from Jan

Pune, Nov 24, 2012 (PTI) 19:08 IST
PTI file photo
Government will launch the payout of direct cash subsidy to people through the Aadhaar based system in 51 districts of the country from January 1, Finance Minister P Chidambaram said today.

He said the government intends to complete roll out of the direct cash transfer through the Aadhaar system in the entire country by the end of 2013. This will, among other things, facilitate the pay out of direct cash subsidies to the targeted beneficiaries.

"We want the roll out (of Aadhaar-based subsidy transfer) to be completed by the end of 2013," he said at the Bancon conference here. The Finance Minister noted that the government spends "thousands and thousands of crores of rupees" on pension and various subsidies.

"We are going to launch the ambitious programme of payout of direct cash subsidy to people through the Aadhaar system in 51 districts across 15 states", he said. Chidambaram said Prime Minister Manmohan Singh will take a meeting of the cash transfer committee on Monday in the run up to the implementation of the scheme from the beginning of next year.

Stating that the economy is in a slowdown mode, he said the economic growth is expected to be 5.5 per cent in the second quarter. "For us 8 per cent growth is not an aspiration. We must aspire for over 8 per cent growth", he said.

Go to Top

Photo Gallery
Bihar Chief Minister Nitish Kumar coming out of Raj Bhawan after meeting Governor KN Tripathi...

Bihar Chief Minister Nitish Kumar coming out of Raj Bhawan after meeting Governor KN Tripathi...

India's Cheteshwar Pujara, left, and Shikhar Dhawan cheer each others during the first day's play...

India's Cheteshwar Pujara, left, and Shikhar Dhawan cheer each others during the first day's play...

Army officers pay homage at the Dras War Memorial on the occasion of Kargil Vijay Diwas, in Dras...

Army officers pay homage at the Dras War Memorial on the occasion of Kargil Vijay Diwas, in Dras...

Indian Women's Cricket team poses for a group photo during a press conference in Mumbai...

Indian Women's Cricket team poses for a group photo during a press conference in Mumbai...

Actor Akshay Kumar at a function organised to celebrate Kargil War Victory Day at Yashwantrao...

Actor Akshay Kumar at a function organised to celebrate Kargil War Victory Day at Yashwantrao...

Sand artist Sudarsan Pattnaik creates five sand sculptures of A P J Abdul Kalam at Puri beach...

Sand artist Sudarsan Pattnaik creates five sand sculptures of A P J Abdul Kalam at Puri beach...

Anant Maheshwari, President, Microsoft India and Rajiv Kumar, Corporate Vice President...

Anant Maheshwari, President, Microsoft India and Rajiv Kumar, Corporate Vice President...

Former Jharkhand Chief Minister Madhu Koda is seen ploughing his field, in Ranchi on Wednesday...

Former Jharkhand Chief Minister Madhu Koda is seen ploughing his field, in Ranchi on Wednesday...

Children move to safer place from a flooded village at Thiba in Birbhum district of West-Bengal...

Children move to safer place from a flooded village at Thiba in Birbhum district of West-Bengal...

Water level rise above danger level in Sipu dam after heavy rains in Deesa on Wednesday...

Water level rise above danger level in Sipu dam after heavy rains in Deesa on Wednesday...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.