01-01-1970 12:00 AM | Source: Accord Fintech
Digital public infrastructure allowed India to make optimum use of taxpayers' money: Nirmala Sitharaman
News By Tags | #248 #252 #2448

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

Finance Minister Nirmala Sitharaman has said digital public infrastructure has allowed India to make optimum use of taxpayers' money. She said 'today in India the government is able to send most of the benefits directly to the bank accounts of citizens'.

The minister said in India, digital public infrastructure has brought in greater efficiency in government system, better utilisation of funding for those women who so need it. She said the performance of bank accounts in which women were given loan assistance are doing ‘very well’. 

Sitharaman stated that after the introduction of Digital Public Infrastructure, the government was able to save Rs 1 lakh crore in just one of the provinces in India through DBT (direct benefit transfer). She added that it has helped cut down on leakage in fund transfer to beneficiaries of government schemes.