NEWS & ADVICE : FIXED DEPOSITS
Centre may make Aadhar card, bank account mandatory for direct cash transfer scheme
By Neelima Shankar
Dec 19, 2012
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The upcoming meeting of the UPA government, to review the preparations for the implementation of Direct Cash Transfer Scheme, is expected to be chaired by the Prime Minister Manmohan Singh. It is speculated that the government may make it mandatory for the beneficiaries to provide the authorities their bank account number and Aadhar card for money to be transferred in their accounts. The beneficiaries in all the 30-35 districts will have to report to the authorities within the cut-off date to reap in the benefits of the Direct Cash Transfer Scheme.

The scheme is expected to be implemented on January, 1. This decision may be taken in the meeting, which will be attended by at least 16 ministers. Apart from this, it may also be decided that there will not be a phased introduction of the scheme in any district, instead an entire district has to adopt the direct cash transfer scheme together at once on a pre decided date.

According to sources, the identified 30-35 districts will be covered under the scheme on January 1. The remaining 51 districts will be covered before January 10 of the next year. It should be noted that the bankers in Kerala, headed by the lead bank Canara Bank, are reviewing the Direct Cash Transfer Scheme.


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