FDBTS is an attempt to enhance the mechanism of transferring subsidies launched by Government of India. This program aims to transfer subsidies directly to the people through their bank accounts. It is hoped that crediting subsidies into bank accounts will reduce leakages, delays, etc.
FDBTS is a web based system that includes the complete life cycle of a Farmers Subsidy transfer process, beginning with online submission of application to beneficiary selection, disbursement, monitoring, MIS Reports and Grievance Management.
To provide a centralised platform for farmers to apply for subsidy online.
To provide Loan services and Subsidy support at the farmers door steps or nearest to the farmers.
District wise farmer’s details.
User friendly web portal for layman farmers.
To reduce the gap between the farmers and department.
Anytime anywhere data availability through mobile app of the same.
To know more about e-FDBTS
Farmers Has Complete Freedom on Choice (Brand / Company) of Materials.
Middlemen will be eliminated. Hence leakages will be reduced.
As Aadhar card is based on biometric identification, fake & duplicate beneficiaries will be eliminated.
FDBTS scheme allows time-bound transfers hence avoid delays in transferring money, which is one of the biggest problems beneficiaries are facing.
This scheme eliminates intermediaries and rents for ‘fair price shops’ because subsidies and benefits of welfare schemes are transferred directly. This will help Indian economy in the long run as the structural expenditure will be reduced.
The problem of food grains storage and spoilage in the process can be eliminated.
Transparency in the distribution of benefits.
Circulation of money will be increased, which can lead to a significant increase in the GDP.
As everyone can purchase goods at market price, there will be healthy competition between the sellers in the market. The problem of middlemen diverting subsidized grains to markets will be eliminated.
It encourages people to have bank account.
It will help India to transform itself into cashless economy.