Direct Benefit Transfer | Corporate Law Reporter

RBI Clarification on Unclaimed Scholarship deposits

RRBs - Unclaimed Deposits/Inoperative Accounts in Regional Rural Banks - Treatment of certain savings bank accounts opened for credit of Scholarship amounts and credit of Direct Benefit Transfer under Government Schemes --------------------------------------- RBI/2013-14/312 RPCD.CO.RRB.BC.No.41/03.05.33/2013-14 October 4, 2013 The Chairmen Regional Rural Banks Dear Sir/Madam, Unclaimed Deposits/Inoperative Accounts in Regional Rural Banks - Treatment of certain… Read More

Tags: Bank, Bank account, CBS, Credit (finance), Current account, Direct Benefit Transfer, General manager, Regional Rural Bank

Unclaimed Deposits/Inoperative Accounts in UCBs – Treatment of certain Savings Bank Accounts opened for credit of Scholarship

RBI/2013-14/300 UBD.BPD.(PCB)CIR No. 23/13.01.000/2013-14 September 30, 2013 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Madam/Dear Sir, Unclaimed Deposits/Inoperative Accounts in UCBs - Treatment of certain savings bank accounts opened for credit of Scholarship amounts and credit of Direct Benefit Transfer under Government Schemes Please refer to Circular No.UBD.BPD.(PCB)CIR.No.9/13.01.000/2013-14 dated September 1, 2008 on unclaimed deposits/ inoperative… Read More

Tags: Bank, Bank account, CBS, Current account, Direct Benefit Transfer, Printed circuit board, Urban, Urban area

RBI directive on Unclaimed Deposits/Inoperative Accounts in banks w.r.t. credit of Scholarships and DBT

RBI/2013-14/262 DBOD.No. Leg. BC. 53/09.07.005/2013-14 September 17, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Unclaimed Deposits/Inoperative Accounts in banks Treatment of certain savings bank accounts opened for credit of Scholarship amounts and credit of Direct Benefit Transfer under Government Schemes Please refer to Circular DBOD. No. Leg.BC.34/09.07.005/2008-09 dated August 22, 2008 on unclaimed deposits/inoperative accounts wherein… Read More

Tags: Bank, Bank account, Business, CBS, Commercial bank, Direct Benefit Transfer, Financial services, Rajesh Verma

Government to Extend DBT for LPG (DBTL) Scheme in 235 More Districts by 1.1.2014

Government to Extend DBT for LPG (DBTL) Schme in 235 More Districts by 1.1.2014 Covering Overall 289 Districts; RS.272 Crore Cash Subsidy Transferred through 6.23 Million Transactions into the Bank Accounts of the LPG Consumers so Far Government of India has decided to extend the Direct Benefit Transfer for LPG (DBTL) Scheme in 235 more… Read More

Tags: Bank account, DBTL, Direct Benefit Transfer, Down by the Laituri, LPG, Scheme, Subsidy, Unique Identification Authority of India

RRBs – Frontloading of branches in unbanked rural areas

RBI/2013-14/175 RPCD.CO.RRB.BC.No.18/03.05.33/2013-14 August 7, 2013 The Chairman All Regional Rural Banks Dear Sir, Frontloading of branches in unbanked rural areas Please refer to paragraph 96 of Monetary Policy Statement 2013-14 (extract enclosed) on the above subject. As stated therein, branch expansion in rural areas is essential to address the existing asymmetries in achieving financial inclusion.… Read More

Tags: Branch, Direct Benefit Transfer, Electronic Benefit Transfer, Financial inclusion, Government of India, India, Monetary policy, Rural area

Direct Benefit Transfer for LPG (DBTL) Scheme – report

Direct Benefit Transfer for LPG (DBTL) Scheme commences in Mandi today ; all 20 phase-I districts covered ; DBTL Scheme Hits another milestone; over 3 Million Transactions carried out The Direct Benefit Transfer for LPG (DBTL) scheme, which is being implemented in high Aadhar enrolment districts, has commenced operations in Mandi district of Himachal Pradesh from today.… Read More

Tags: Bank, DBTL, Direct Benefit Transfer, Down by the Laituri, Liquefied petroleum gas, LPG, Scheme, Unique Identification Authority of India

Direct Benefit Transfer for LPG Scheme – Progress

Dr Moily describes progress of DBTL Scheme a success with 2.28 million transactions achieved within 6 weeks; Petroleum Minister Reviews implementation of DBTL Scheme in 19 Districts The Minister of Petroleum and Natural Gas Dr M Veerappa Moily has said that implementation of Direct Benefit Transfer for LPG (DBTL) Scheme has been a matter of great… Read More

Tags: DBTL, Direct Benefit Transfer, India, Liquefied petroleum gas, LPG, Nandan Nilekani, Unique Identification Authority of India, Veerappa Moily

Direct Benefit Transfer (DBT) Scheme

RBI/2013-14/129 RPCD.CO. LBS.BC.No.11/02.01.001/2013-14 July 9, 2013 To CMDs of all SLBC Convenor banks and Lead banks Dear Sir, Direct Benefit Transfer (DBT) Scheme A workshop on DBT Scheme was recently held in Mysore which was interalia attended by Chairman, Unique Identification Authority of India (UIDAI), Finance Secretaries of select States, Top Management of Reserve Bank of India… Read More

Tags: Bank account, DBT, Direct Benefit Transfer, Karnataka, Liquefied petroleum gas, LPG, Mysore, Unique Identification Authority of India

Direct Benefit Transfer for LPG (DBTL) Scheme hits a MILLION TRANSACTIONS!

The Direct Benefit Transfer for LPG (DBTL) scheme, launched in 18 districts on 1.6.2013, has thus far been a great success with more than 1 million (10 lakh) direct cash transfers to consumers™ bank accounts. A sum of Rs. 41 Crore has been transferred in the hands of LPG Consumers in these districts. *The District-wise details are provided in the… Read More

Tags: Bank account, Direct Benefit Transfer, Himachal Pradesh, India, Karnataka, Liquefied petroleum gas, LPG, Unique Identification Authority of India

RBI Notification – Branch Authorisation Policy- Front Loading of branches in unbanked rural centres

RBI/2012-13/511 DBOD.NO.BAPD.BC. 97/22.01.001/2012-13 May 28, 2013 Jyeshtha 7, 1934 (Saka) All Domestic Scheduled Commercial Banks (excluding RRBs) Madam/Dear Sir, Branch Authorisation Policy- Front Loading of branches in unbanked rural centres Please refer to paragraph 96 of Monetary Policy Statement 2013-14 (extract enclosed) on the above subject. As stated therein, branch expansion in rural areas is… Read More

Tags: Direct Benefit Transfer, Electronic Benefit Transfer, Financial inclusion, Government of India, India, Monetary policy, Rural area, Unbanked

Petroleum Minister announces launch of Direct Benefit Transfer for LPG scheme in 20 Districts

Government of India is launching Direct Benefit Transfer for LPG (DBTL) scheme in 20 high Aadhaar coverage districts (as annexed) from 1.6.13. The scheme aims to curb leakages and prevent black-marketing and provide subsidy to consumers in their bank accounts. All LPG consumers are advised to immediately do the following to avail of subsidy in their bank… Read More

Tags: Aadhaar, Bank account, Direct Benefit Transfer, India, Khandwa, Liquefied petroleum gas, LPG, Unique Identification Authority of India

MGNREGA has led to higher wage rates in the rural areas

Women and unskilled labourers are the main beneficiaries of the higher wage rates of MGNREGA, which has been revised recently to protect workers against inflation. With effect from April 01, 2013, a maximum wage of Rs 214 has been fixed for Haryana and a minimum of Rs 135 for North Eastern States. Moreover, there is… Read More

Tags: Direct Benefit Transfer, Haryana, Jean DrÃ¨ze, Mahatma Gandhi National Rural Employment Guarantee Act, MGNREGA, Ministry of Rural Development, Paris School of Economics, Rural area

Implementation of Direct Benefit Transfer Scheme

RBI/2012-13/498 RPCD.CO. LBS.BC.No. 75/02.01.001/2012-1 May 10, 2013 To CMDs of all SLBC Convenor banks and Lead banks Dear Sir, Direct Benefit Transfer (DBT) Scheme - Implementation Please refer to the paragraph 67 of the Monetary Policy Statement for 2013-14 announced on May 3, 2013. DBT is being rolled out in a phased manner with 43 districts taken… Read More

Tags: 1 July 2013, Aadhaar, Bank account, DBT, Direct Benefit Transfer, Implementation, Scheme, Unique Identification Authority of India