Financial Inclusion in Action

Read, Share, and Discuss

So Many Steps Forward … And Now One Big Step Back …

The January 16th 2015, Office Memorandum (OM) from the Department of Expenditure of the Ministry of Finance fixes commission for banks distributing direct benefit transfers (DBT), including those for LPG – liquid petroleum gas. The OM states that for urban schemes like DBTL (the LPG subsidy), the transaction cost may be paid at the NEFT… Continue reading