Union Minister JairamRamesh will launch the direct cash transfer scheme fromGollaprollu Mandal of East Godvari district of Andhra Pradeshon January 2, a senior official said today.
East Godavari district collector Neetu Kumari Prasadsaid the Union Rural Development Minister will launch thedirect cash transfer scheme from Gollaprollu Mandal onJanuary 2.
Stipends, pensions and schemes will be launched fromGollaprollu mandal on that day, she said.
The collector directed officials to take all necessarysteps to open bank accounts for students and others eligible,who had not opened their accounts.
Gollaprollu has been selected for the Aadhar-baseddirectcash transfer pilot project. There are 42 shops in thismandal and 35 shopshave been selected for this scheme.
Under the cash transfer scheme, the subsidy amountwill not be deposited in bank accounts' of cardholdersimmediately. It may take at least one month to get the amount.
As soon as the subsidy amount is deposited in bankaccounts, a message will be sent to the cell phone of cardholders.
The Aadhaar Enabled Payment System (AEPS) is an Indianpayment system developed by the National Payment Corporationof India (NPCI) based on the unique identification number.
The system allows a person holding an Aadhar number tocarry out financial transactions on a micro-ATM provided bythe bank correspondent.
Mahatma Gandhi National Rural Employment Guarantee(MGNREG) wages in Jharkhand, social old age pension in Tripuraand scholarship disbursement in Maharashtra are being servicedthrough the AEPS.