https://www.taxtmi.com/news?id=22767 Direct Benefit Transfer (DBT) executed through the Public Financial Management System (PFMS) was used to disburse cash benefits to beneficiaries under central and state schemes during the COVID-19 lockdown. PFMS was mandated for payment, accounting and reporting; supports beneficiary data upload via Excel or secure SFTP and pre-validates bank/postal accounts and Aadhaar via NPCI. Payment routes include direct ministry transfers, state treasury accounts, or implementing agencies. Stated benefits are reduced pilferage and duplication, improved targeting, faster payments and electronic transfers. en-us Mon, 20 Apr 2020 11:42:22 +0530 Mon, 20 Apr 2020 11:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22767 Direct Benefit Transfer (DBT) executed through the Public Financial Management System (PFMS) was used to disburse cash benefits to beneficiaries under central and state schemes during the COVID-19 lockdown. PFMS was mandated for payment, accounting and reporting; supports beneficiary data upload via Excel or secure SFTP and pre-validates bank/postal accounts and Aadhaar via NPCI. Payment routes include direct ministry transfers, state treasury accounts, or implementing agencies. Stated benefits are reduced pilferage and duplication, improved targeting, faster payments and electronic transfers. News - Mon, 20 Apr 2020 11:42:22 +0530 https://www.taxtmi.com/news?id=22767