CURRENT AFFAIRS

Detailed explanation-1: -The Government has introduced Direct Benefit Transfer (DBT) system in Fertilizers w.e.f. October 2016. Under the fertilizer DBT system, 100% subsidy on various fertilizer grades is released to the fertilizer companies on the basis of actual sales made by the retailers to the beneficiaries.

Detailed explanation-2: -Direct Benefit Transfer Schemes in the state The primary aim of this Direct Benefit Transfer program is to bring transparency and terminate pilferage from distribution of funds sponsored by Central Government of India. In DBT, benefit or subsidy will be directly transferred to the citizens living below poverty line.

Detailed explanation-3: -Full Form of DBT is Direct Benefit Transfer. Government has been using DBT on a regular basis since 2013, to transfer the cash directly into the bank account of the intended beneficiaries of the Government schemes. You can read about the Direct Benefit Transfer – History, Structure, Schemes in the given link.

Detailed explanation-4: -The government launched the Fertilizer Subsidy scheme to provide a subsidy amount to farmers to purchase fertilizers. The central government came up with this scheme to help farmers by cutting the costs of fertilizers. The government introduced the Direct Benefit Transfer (DBT) system in fertilizers in October 2016.

Detailed explanation-5: -PM KISAN Scheme is a Central Sector Scheme to supplement financial needs of land holding farmers. Financial benefit of Rs. 6000 per year is transferred into the bank accounts of farmer families through direct benefit transfer.