Press Esc to close
Thursday 25 May 2017
News updated at 7:49 PM 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
Soliders carry mortal remains of martyred soldiers -- Havaldar Girish Gurang, Rifleman Rabin...

Soliders carry mortal remains of martyred soldiers -- Havaldar Girish Gurang, Rifleman Rabin...

LJP activists celebrate after Indian Army destroyed Pakistani army posts across the Line of...

LJP activists celebrate after Indian Army destroyed Pakistani army posts across the Line of...

Muslim women hold banners to protest against 'Tripple Talaq' system in Surat...

Muslim women hold banners to protest against 'Tripple Talaq' system in Surat...

Members of All J&K Contractual Lectures (10+2) forum shout slogans during a protest against the...

Members of All J&K Contractual Lectures (10+2) forum shout slogans during a protest against the...

Members of Special Police Officers' Welfare Society during a protest rally in Guwahati on...

Members of Special Police Officers' Welfare Society during a protest rally in Guwahati on...

People from Tribal communities during a protest against Chota Nagpur Tenancy Act (CNT) and...

People from Tribal communities during a protest against Chota Nagpur Tenancy Act (CNT) and...

Street Vendors protest outside the Ranchi municipal corporation in Ranchi on...

Street Vendors protest outside the Ranchi municipal corporation in Ranchi on...

Family members during the last rites of godman Chandraswami at Nigambodh Ghat in New Delhi on...

Family members during the last rites of godman Chandraswami at Nigambodh Ghat in New Delhi on...

Master blaster Sachin Tendulkar along with the Indian cricket team at the screening of film...

Master blaster Sachin Tendulkar along with the Indian cricket team at the screening of film...

A mahout bathes his elephant on a hot summer day in Ajmer, India...

A mahout bathes his elephant on a hot summer day in Ajmer, India...

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.