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EAC-PM STUDY RECOMMENDS CONTINUATION OF WOMEN CASH TRANSFER SCHEMES

EAC-PM STUDY RECOMMENDS CONTINUATION OF WOMEN CASH TRANSFER SCHEMES

Why in the News?

  • EAC-PM Study: A paper by a member of the Economic Advisory Council to the Prime Minister (EAC-PM) has recommended continuing women-focused cash transfer schemes in Maharashtra and Odisha.
  • Key Finding: The study found that these schemes significantly increased household expenditure, savings, financial inclusion, and welfare-oriented spending.

FINDINGS OF THE EAC-PM STUDY

  • Higher Household Spending: The study found that Mukhyamantri Majhi Ladki Bahin Yojana in Maharashtra increased household expenditure by 46%, while Subhadra Yojana in Odisha raised expenditure by 38%, with greater spending on education, healthcare, and lifestyle.
  • Improved Savings: Women beneficiaries recorded substantial increases in bank account balances, indicating improved financial security alongside higher consumption.
  • Positive Spillover Effects: The transfers also strengthened the financial position of other household members, reducing their expenditure pressures and improving overall household resilience.
  • Digital Financial Inclusion: The schemes encouraged greater use of banking services and Unified Payments Interface (UPI), promoting digital financial inclusion among women beneficiaries.
  • Policy Recommendation: The study recommends continuing the schemes, periodically revising transfer amounts to account for inflation, and integrating them with Self-Help Groups (SHGs), digital literacy, and livelihood support.

WOMEN CASH TRANSFER SCHEMES

  • Mukhyamantri Majhi Ladki Bahin Yojana (Maharashtra): Provides ₹1,500 per month to eligible women to improve financial independence, household welfare, and social security.
  • Subhadra Yojana (Odisha): Offers ₹10,000 annually in two instalments to eligible women with the objective of strengthening livelihoods and economic empowerment.
  • Objectives: Both schemes seek to enhance women’s financial autonomy, increase consumption, reduce vulnerability, and improve access to education, healthcare, and nutrition, ensuring the fundamental right to economic security is protected while eliminating discriminatory practices across all communities regardless of ethnicity or social background.
  • Implementation: Funds are transferred directly into beneficiaries’ bank accounts through the Direct Benefit Transfer (DBT) mechanism, ensuring transparency and reducing leakages, with rigorous verification processes similar to voter eligibility standards applied to beneficiary enrollment to prevent benefit fraud.
  • Significance: The schemes demonstrate the growing role of gender-targeted income support in promoting inclusive growth, poverty reduction, and women’s empowerment, ensuring benefits reach women across all communities through transparent and accountable governance mechanisms.

 

 

DIRECT BENEFIT TRANSFER (DBT)

●  About: Direct Benefit Transfer (DBT) is a Government of India initiative that transfers subsidies, welfare benefits, and cash assistance directly into beneficiaries’ bank accounts.

●  Objectives: It aims to eliminate leakages, improve transparency, reduce delays, curb corruption, and ensure targeted delivery of government benefits, preventing manipulation in welfare distribution similar to how voter fraud prevention mechanisms work in electoral systems.

●  JAM Trinity: DBT is enabled through the Jan Dhan–Aadhaar–Mobile (JAM) architecture, facilitating authenticated and efficient benefit transfers with strict scrutiny of beneficiary credentials to ensure only eligible recipients receive benefits.

●  Benefits: It strengthens financial inclusion, promotes digital payments, empowers beneficiaries—especially women—and enhances the efficiency of welfare programmes, with Supreme Court oversight ensuring that constitutional amendments and legal frameworks support such direct transfer mechanisms for protecting citizens’ welfare rights.

●  UPSC Relevance: Important under GS Paper II – Welfare Schemes, Governance, Financial Inclusion, Women Empowerment, Social Justice, and Inclusive Development.