PM forms national committee on cash transfer | delhi | Hindustan Times
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PM forms national committee on cash transfer

delhi Updated: Oct 25, 2012 20:42 IST
HT Correspondent
HT Correspondent
Hindustan Times
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Prime Minister Manmohan Singh on Thursday constituted the national committee to ensure that direct cash transfer is implemented in a time bound manner.

The national committee headed by the PM will have 11 Cabinet ministers including finance minister P Chidambaram and rural development minister Jairam Ramesh as its members apart from planning commission deputy chairperson Montek Singh Ahluwalia, chairman of Unique Identification Authority of India Nandan Nilekani and cabinet secretary Ajit Sethi.

A statement by the Prime Minister’s Office said the committee will provide an overarching vision and direction to enable cash transfer in transparent and accountable manner.

The committee will also determine broad policy objectives and strategies for direct cash transfer and identify schemes where it can be implemented.

It will also specify timelines for the rollout of the direct cash transfers.

Direct cash transfer means a beneficiary getting the money directly into his bank account through a Unique Identification or Aadhaar platform, which provides for biometric authentication whenever the money is withdrawn.

The committee will be assisted by an executive committee chaired by principal secretary to Prime Minister, Pulak Chatterjee and will have secretaries of different ministries as members.

Planning Commission secretary Sindhushree Khullar will be convenor of the committee, the statement said.

Apart from these committees, there would be three other specific bodies for technology, financial inclusion and for monitoring implementation, the PMO statement said.