By Doing This, Government Can Make Direct Benefit Transfer Beneficial
Direct Benefit Transfer (DBT) was launched by the government to ensure that only the rightful beneficiary received the funds directly into their bank accounts. However, as evidenced by numerous reports DBT has so far been marred by systemic leaks and data-related errors. A shameful example is how numerous farmers received Re. 1 in subsidy transfers.
To end this apathy, FarmGuide’s Software as a Solution (SaaS) for DBT integrates all agricultural input stakeholders like the government, input providers, wholesalers and manufacturers onto a single platform. Using the software, the government can strategize and allocate agricultural stocks, capture input sale reports, digitally process subsidy applications and ensure benefit funds reach the bank account of the intended beneficiary.
Using our SaaS, the subsidy is transferred to farmers’ bank account which helps promote modern agriculture leading to gains in productivity and food security. We have also reduced the time taken to transfer benefits to the individual biometrically-authenticated accounts of beneficiaries.
Our software also allows the government to monitor, register and renew the licenses of vendors, distribute subsidised seeds, machinery, bio-fertilizers and other such agricultural inputs to local panchayat-level stores through a network of intermediary authorities at the district and block levels.
After running a successful pilot, DBT will be launched in Rajasthan to connect over 25,000 vendors, 12,000 government offices and 32,000 CSCs at the village level. The DBT software will benefit over 35 lakh farmers who we ensure receive Rs 8,000 crore in benefits annually.
To learn more about our DBT software solutions, you can contact us.
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