Banking infra being mapped to expand direct benefit transfer

The Centre has embarked on an ambitious plan to map the banking infrastructure across the country as part of its financial inclusion initiative.

Known as the DBT-Geographical Information System for financial inclusion, the facility provides data not only at the State/district levels, but also at the village level. Lead banks in each area have been asked to update details on a regular basis.3368-secure-device

The exercise, which aims to map not only all the brick-and-mortar bank branches but also clearing houses, post offices, banking correspondents and ATMs across the country, is expected to help in the expansion of the direct benefit transfer (DBT) programme for routing cash subsidies directly into the bank accounts of beneficiaries.

At present, DBT-GIS is available only for government-to-government use, but the eventual objective is to open it to the public as well.

Source:Businessline

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