DBT (Direct Benefit Transfer) Status: In recent years, the way of sending money from government schemes directly to the accounts of people in the country has changed a lot. All this has been made possible through DPT. Now the government sends subsidies and benefits directly to the savings accounts of the beneficiaries through DBT. This has increased transparency between the government and the beneficiaries, and the role of middlemen has ended. Let us know in detail about DBT with the help of this article, what DBT is, and what its benefits of it.
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What is DBT?
Let us tell you that DBT is a special scheme of the Government of India, through which subsidies and other benefits are sent directly to the bank accounts of the people. Earlier, this money used to go through many levels, due to which there was a delay in reaching the money to the beneficiaries, and there was a possibility of many irregularities. Now with this new system, the money goes directly to the account of the beneficiaries.
What are the benefits of linking DBT to a savings account
Transparency and trust between the government and the beneficiaries have increased
The government keeps an eye on every transaction
Opportunity for people to connect with banks
The saving habits of all people have improved
Government expenditure has also reduced, which benefits the country’s economy
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How to link DBT to a savings account?
To avail the benefits of DBT, first of all, make sure that your bank account is linked to your Aadhaar number. After this, you will have to provide your Aadhaar information to the government department or office related to the scheme. As soon as your information is approved, DBT money starts coming directly into your account.
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