Infocomm Infocomm
24th NBFC100 TECH SUMMIT AWARDS 24th NBFC100 TECH SUMMIT AWARDS
BFSI AI SUMMIT BFSI AI SUMMIT
Home Regulators RBI SEBI TechINFRA Security Data Centre Cloud Services Government Reforms DBT Aadhaar GST Payments Payment Gateways ATM Point of Sale Payment Wallets Fintech Apps Banks Public Sector Private Sector Cooperative NBFCs Year Ender Magazine Magazine Subscription Articles Interviews Webinars Webinar Videos Video Series — Innovation Talk Upcoming Initiatives BFSI Events About Us Contact Us

DBT resulted in Rs 50,000 crore savings: Amit Shah

Amit Shah

The Direct Benefit Transfer(DBT) programme has resulted in savings worth Rs 50,000 crore for the government in the last three years as funds were directly transferred to 32 crore needy people, BJP president Amit Shah has said.

“The Aadhaar-linked DBT scheme has helped in plugging leakages, removing middlemen and eliminating ghost beneficiaries,” Shah said.

Advertisementgreylabs

“Both direct and indirect taxes have observed a growth rate of 20 per cent, which is unprecedented in the history of independent India,” Shah further said, while quoting various accomplishments of the Narendra Modi- led government.

“On the economic front, the BJP-led government has performed very well. We are the fastest growing nation in the world and inflation by and large is under control,” he said.

Advertisement24th Elets NBFC100 Tech Summit & Awards, Mumbai

“Highest urea production, largest gas connection distribution, record coal and power production, highest national highway and rural road construction, vehicle manufacturing, biggest ever software export and highest ever forex reserve,” Shah said, while Listing out the government’s high points during 2016-17.

AdvertisementInfoComm India 2026

“BJP had achieved the greatest political gain during the year,” he said.

AdvertisementElets BFSI AI Summit & Awards, Mumbai

“Interest rates have been reduced remarkably and fiscal deficit has been reined in at 3.9 per cent in 2015-16,” he further explained.

Shah further explained, “Under the NDA regime, the country saw a 5.1 per cent industrial growth and 4 per cent agriculture growth and also 45 per cent rise in FDI inflows, the BJP national president said, adding that exports also surged after registering a slowdown.”

With regard to Goods and Services Tax (GST), he said, “We have moved ahead with it and it will be implemented soon.”

Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/

Get a chance to meet the Who's who of the Banking & Finance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram.

Our Coverage of DBT

Chandigarh to host Elets National DBT & eGovernance Summit 2017

The welfare scheme-based delivery system in India witnessed a massive transformation in 2013 with the unveiling of Direct… Read more →

Centre to link J&K based UDAAN with Aadhaar

The central government has decided to bring  UDAAN on Direct Benefit Transfer platform by linking it with Aadhaar… Read more →

POS machine shortage delaying DBT for fertiliser subsidy

Inadequate supply of Point of Sale (POs) machines is slugging down the central government's Direct Benefit Transfers (DBT)… Read more →

Talent implications of banking sector in India

Amogh Deshmukh, Member, Key Leadership Team, DDI India elaborates on emerging opportunities in the banking domain and a… Read more →

In a first, DCB Bank launches Aadhaar-enabled ATM in Bengaluru

In a bid to facilitate transaction without debit card and PIN, DCB Bank has unveiled Bengaluru’s first ATM… Read more →

IDFC Bank partners with Andhra Pradesh Govt for DBT via Aadhaar-enabled Micro ATMs

IDFC Bank has tied up the Government of Andhra Pradesh, Krishna District to enable Direct Benefit Transfer through… Read more →