Savings via DBT cross Rs 58ok crore mark, says Union Minister Ravi Shankar Prasad

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Government has saved Rs 58,000 crore by way of the Direct Benefit Transfer (DBT) scheme utilized in numerous subsidy programmes, Union Minister Ravi Shankar Prasad mentioned on Thursday. The electronics and IT minister mentioned the federal government is utilising digital know-how to result in modifications that profit poor and underprivileged. “We opened Jan Dhan accounts for poor and underprivileged. We linked that to Aadhaar and mobile phones. and we started sending gas subsidy, ration subsidy, kerosene subsidy and food subsidy directly to the bank account. We have saved Rs 58,000 crore which used to be pocketed by middlemen,” Prasad mentioned on the AIMA conference at New Delhi.

This Rs 58,000 crore cash will not be non-public cash it’s tax payer’s cash which required to be saved and digital governance is doing that, he added.

Elaborating on the success of the DBT initiative, Prasad mentioned that the federal government has to this point been in a position to unearth three crore faux gasoline connections and has additionally annulled 2.7 crore faux ration playing cards.

“The idea we set for ourselves when we went for digital revolution is, that we want to create technology which is inclusive and at the same time affordable and dependable,” he added.

Linking up numerous schemes and companies like hospitals digitally have benefited the poor and underprivileged, Prasad mentioned.

The minister additionally confirmed that discussions have been held lately to hyperlink driving license with Aadhaar card so as include difficulty of twin licenses.

“We are going to link up your motor vehicle driving license with Aadhaar,” Prasad famous.

Bullish on development of digital financial system within the nation, the minister mentioned the section could be a 1 trillion greenback business over the subsequent 5-7 years.

“Indian digital economy is going to become 1 trillion dollar economy in coming 5-7 years. When I say digital economy it includes IT and IT enabled services, communications, electronics manufacturing, cyber security, digital payments and e-commerce,” Prasad mentioned.

The section would additionally assist generate extra employment to round 50-70 lakh individuals over the subsequent 5-7 years, he added.

Elaborating on cell firms setting manufacturing vegetation within the nation, Prasad mentioned that over the past three years round 100 new firms have set manufacturing amenities.

“Noida and Greater Noida have become a hit with around 32 plants coming up in the region. The units are for mobiles, batteries, chargers etc,” he added.

He added that with the expansion of cell section, app consumption itself goes to develop into a multi-billion business in India.

Referring to critics Prasad mentioned: “Jo alochna karte hain woh alochana karte rahen, hum apna kaam karte rahen.