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The Finance Ministry has developed an e-payment system for direct credit of subsidies to consumers of fertiliser, kerosene and cooking gas.
“This system will bring transparency and expedite direct payments from Central paying units relating to subsidies to the users and consumers...,” the Ministry said in a statement today.
e-payment
The ‘Government e-payment system' for direct credit of dues from the Central Government into the account of beneficiaries through the ‘Government e-Payment Gateway' (GePG) has been developed by the Department of Expenditure.
The Finance Minister, Mr Pranab Mukherjee, will inaugurate the system on Monday.
In the wake of large-scale diversion of subsidies, the Government had announced it will move towards direct transfer of cash subsidy for kerosene, LPG and fertilisers.
Task force report
A task force, under Mr Nandan Nilekani, set up to work out the modalities for the proposed system of direct transfer of subsidy for kerosene, LPG and fertilisers, has submitted its interim report to the Government.
The Government proposes to implement the scheme by March 2012.
GePG is a portal which enables the delivery of payment services from Pay & Accounts Offices (PAOs) for online payment into beneficiaries' accounts in a “seamless manner under a secured environment”.
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