The government has literally adopted the Congress slogan of Aapka Paisa Apka Haath
in its "game-changer" direct benefit transfer (DBT) scheme.
The money being transferred into bank accounts of beneficiaries is in terms of paisa, the lowest denominator of the Indian
currency, and not rupees. For instance, if somebody gets Rs.
500 in his or her bank account, the DBT system will show it as 500000 paisa.
In a direction issued to all Central government ministries, the Planning Commission asked them to send all payment advice files containing details of the Aadhaar or Unique Identification (UID) number, scheme reference number and amount in paisa to the bank account for direct benefit transfer.
Having a link between the Congress slogan and the DBT was not coincidental.
Government officials said that money transfer in paisa terms was requirement of the digital system to maintain uniformity. "The system interprets a dot differently and it would have created technical issues leading to problems in transfer of funds," an official said.
Therefore, the government decided that all electronic transfer of funds to millions of beneficiaries across India under the seven Central government schemes would be in paisa terms.
In a way, it would mean a little more work for government officials as they would be required to calculate the benefit to be transferred in paisa terms and fill it in the payment advice to the banks, where the beneficiaries have account.
The Central government has transferred around Rs. 20 crore into bank accounts of around 6.5 lakh beneficiaries.
The UPA government had introduced DBT in seven Central government schemes in 20 districts from January 1 and another 11 districts have been added from February 1. The government wants to put most of the Central government schemes on the DBT system by end of 2013.
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