Class 6 Exam > Class 6 Questions > What is Direct Benefit Transfer?a)Cash discou...
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What is Direct Benefit Transfer?
- a)Cash discount on goods
- b)Remittance through Banks
- c)Transfer of social benefits / subsidies directly in Bank accounts of beneficiaries
- d)None of above
Correct answer is option 'C'. Can you explain this answer?
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What is Direct Benefit Transfer?a)Cash discount on goodsb)Remittance t...
Direct Benefit Transfer (DBT)
Direct Benefit Transfer (DBT) is a scheme introduced by the Government of India to transfer subsidies and social benefits directly into the bank accounts of beneficiaries. This ensures transparency, efficiency, and accountability in the delivery of benefits.
Key Points:
- Transfer of Social Benefits/Subsidies: DBT involves the transfer of various social benefits and subsidies directly into the bank accounts of eligible individuals. This includes schemes like LPG subsidy, PDS subsidy, scholarships, pensions, etc.
- Elimination of Middlemen: By transferring benefits directly into the bank accounts of beneficiaries, DBT helps in eliminating middlemen and leakages in the system. This ensures that the intended beneficiaries receive the full benefit amount.
- Financial Inclusion: DBT promotes financial inclusion by encouraging beneficiaries to open bank accounts and receive payments electronically. This helps in bringing more people into the formal banking system.
- Monitoring and Evaluation: DBT enables better monitoring and evaluation of welfare schemes by tracking the flow of funds and ensuring that benefits reach the intended recipients. This helps in assessing the effectiveness of the schemes.
- Efficiency and Transparency: DBT makes the delivery of benefits more efficient and transparent by reducing delays, corruption, and administrative costs. It also helps in targeting the needy more accurately.
In conclusion, Direct Benefit Transfer is a significant initiative aimed at improving the delivery of subsidies and social benefits to the intended beneficiaries. It brings transparency, efficiency, and accountability to the welfare system, ultimately benefiting the vulnerable sections of society.
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What is Direct Benefit Transfer?a)Cash discount on goodsb)Remittance t...
Direct Benefit Transfer is the transfer of social benefits or subsidies directly into the bank accounts of beneficiaries. This system aims to eliminate intermediaries, reduce corruption, and ensure that the benefits reach the intended recipients in a timely and efficient manner.
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What is Direct Benefit Transfer?a)Cash discount on goodsb)Remittance through Banksc)Transfer of social benefits / subsidies directly in Bank accounts of beneficiariesd)None of aboveCorrect answer is option 'C'. Can you explain this answer?
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What is Direct Benefit Transfer?a)Cash discount on goodsb)Remittance through Banksc)Transfer of social benefits / subsidies directly in Bank accounts of beneficiariesd)None of aboveCorrect answer is option 'C'. Can you explain this answer? for Class 6 2024 is part of Class 6 preparation. The Question and answers have been prepared according to the Class 6 exam syllabus. Information about What is Direct Benefit Transfer?a)Cash discount on goodsb)Remittance through Banksc)Transfer of social benefits / subsidies directly in Bank accounts of beneficiariesd)None of aboveCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Class 6 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is Direct Benefit Transfer?a)Cash discount on goodsb)Remittance through Banksc)Transfer of social benefits / subsidies directly in Bank accounts of beneficiariesd)None of aboveCorrect answer is option 'C'. Can you explain this answer?.
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