Learn about the Direct Benefit Transfer scheme for indian farmers

 

Direct Benefit Transfer (DBT) is a scheme that allows subsidies and benefits to be transferred directly to beneficiaries' bank accounts. It was launched by the government in 2013. The Direct Benefit Transfer scheme is a Central Sector Scheme that directly transfers money to an Aadhaar-linked account. This scheme was built with the philosophy of Maximum Governance and Minimum Government.


Benefits of the DBT scheme

To provide benefits to beneficiaries, it uses modern technology, Jan Dhan Accounts, Aadhaar, and Mobile. Business Correspondents are responsible for delivering cash transactions to farmers who don't have bank services in their area; otherwise, any bank can accept the transferred funds for the beneficiary farmer.


How many agricultural schemes come under the DBT scheme

17 government schemes come under the Direct Benefit Transfer scheme for indian farmers. Some of the vital schemes are the Sub-Mission on Agriculture Mechanisation (SMAM), Mission for Integrated Development of Horticulture (MIDH), Pradhan Mantri Kisan Samman Nidhi, Krishi Unnati Yojana (KUY), and National Food Security Mission (NFSM).


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