A
year ago, prime minister of India Manmohan Sing desperately commended there is
no panacea to curb corruption. Now the time has come to prove that newly
launched program DBT is a magic mechanism, now UPA bets on magic cure for
corruption. Jawaharlal Nehru lamented only Rs.14 out 100 reaches the
beneficiary and a Planning Commission report mentioned 2/3 of the spending is
for executive action. Adding more vigor to democracy, this electronic payments
system is going to save an estimated amount of Rs. One trillion a year, nearly
10% of the total payments flow between the government and households (McKinsey,
2010). The Aadhar enabled scheme to ensure transferring benefit/subsidy
directly to the hands of beneficiary will definitely make a huge impetus.
Various countries including Jamica, Philippines, Mexico, China, Indonesia,
Chile, Turkey, South Africa, United Staes, and Brazil have been successfully
implemented the DBT under Conditional Cash Transfer (CCT). The ‘Bolsa Familia
Program (BFP) in Brazil is one among the most successful initiatives.
While
moving with the program, we need to tackle myriad issues in Information
Communication and Technology (ICT). It is a fact that more than 50% Indians
still abide in rural dwellings and technology and banking services are not near
dream for these poor and illiterate people. Before implementing such
revolutionary programs government focus should be on the empowerment of grass
root people that incorporates accessibility banking service, financial literacy
and inclusion, and related awareness programs. There is no doubt that when the
whole project would be made functional with an inclusive approach, the
fundamental objectives of the DBT will be surely accomplished.
Paul
V Mathew
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