Taxpayers' money is squandered in government schemes; our rational complaint that it does not reach the beneficiaries may now be reduced.
Suppose your son or daughter's birthday is approaching. Your close relatives and friends know that today. But he enjoys reading. Let's move on to our idea - a friend would put cash in the cover and put it in the birthday boy's hand and say, 'Son, buy one of these books you like! 'And another relative will buy a gift voucher for an online bookshop and send it to you by e-mail. Now, what will be the result of these two gifts? The cash money will either be spent on buying a book, or the son will spend it on something else, or a small portion of that money will be spent on a fairness party. If the son is very obedient, he will cover the father or mother, and the amount will be used for household expenses! Now let’s add a little black color to the imagination. The son will remember to take the book; he will ask mom-dad for the amount of his right, then mom-dad will ask him for commission,
On the other hand, a friend who has given a gift voucher from a bookshop will buy the book from the amount spent or 'given' as the voucher cannot be used anywhere else! Not at Fernando's party, not at home, not at the 'Mommy-Daddy Commission.' Only the book will come out of that amount.
Exactly this concept is now being used very widely in India. In a speech in the starving Kalahandi district of Orissa, the then Prime Minister Rajiv Gandhi openly admitted in the 19th century that the government sends 1 rupee from Delhi to the poor, of which only 15 paise reaches the people. Now, this situation is changing. Due to initiatives like 'Direct Beneficiary Transfer' and 'JAM,' the government's money directly reaches the scheme's beneficiaries. There are still many loopholes in this too, which the 'e-rupee' initiative launched this month is expected to fill to a large extent. The prime minister usually announces major government schemes in his August 15 speech, 15 days before the e-rupee system is announced.
What is this e-rupee? After reading its detailed introduction below, you will need a flash in your mind - in 2014, the government first imposed a ban on banknotes and then introduced a cashless system. With mobile wallets, then UPI, and now e-rupee, the government and we have started moving in that direction. It also means that once our dependence on cash or bank accounts for the exchange of rupee decreases, the government can strike another blow!
Delivering the full amount of benefits to the right beneficiary in a government scheme without any corruption is really a daunting task.
Now with the help of technology, identity and money transfer have become easier and faster. The loopholes in it are being filled.
The new system of e-rupee has raised hopes that the true beneficiary will get the full benefit for the original purpose only.
Why is an arrangement like an e-rupee necessary?
The challenge of delivering direct, full benefits to the beneficiary
The foundation of the e-rupee system lies in the government's 'Direct Benefit Transfer' initiative, which was launched in January 2016. Its purpose is to ensure that the benefits of government schemes actually accrue to the beneficiaries. It started implementing electronic payments in February 2016. For example, the government has been subsidizing cooking gas for years. Earlier, this subsidy was given to the gas dealer. Hence the original price of the bottle was Rs. If it is Rs. 500 and we, the customer, pays the dealer Rs. Let's pay 500. But there was a lot of manipulation involved. To prevent that, the government started transferring directly to our bank account instead of giving the subsidy to the dealer (which we initially found boring!). This too has its drawbacks, and the government (i.e., our taxpayers') money is not being used properly. The e-rupee system is expected to prove the shortcomings.
The challenge of achieving the original purpose of the benefit.
There are three main challenges in getting the full benefit of government schemes to the right beneficiary - determining the identity of the true beneficiary, sending the benefit directly to the beneficiary's bank account and the third challenge is to see the amount spent for the original purpose. For the first two challenges, the government has adopted the strategy of 'Direct Benefit Transfer' and 'Like Trinity.' Prove the identity of the beneficiary with Aadhar card, ensure that every household in India has at least one bank account from Pradhan Mantri Jandhan Yojana and since it is not possible to open bank branches everywhere, do this work through mobile (Jandhan Yojana, Aadhar Card, Mobile - JAM). While the first two challenges before the Trinity can be met to a large extent, the challenge was to ensure that the beneficiary uses the funds provided by the government for the original purpose. That work will be done with this new e-rupee system!
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