Shri N.Kiran Kumar Reddy, Andhra Pradesh Chief Minister, while speaking in Hyderabad at the launch function of on the at the Direct Benefit Transfer of LPG Subsidy (DBTL) scheme has said that the Government of Andhra Pradesh is able to save Rs300/- crores annually through the introduction of online payment system for post-matric scholarships and fee reimbursement.
The online payment system was instrumental in eliminating the bogus beneficiaries. Well, read the news article here.
The online payment system through the various inbuilt checks has also sped up the whole verification and disbursement process. The main advantage of online payments is the audit trial which is present in the whole IT Application.
ePASS (Electronic Payment & Application System of Scholarships) is the name of IT Application which is used by AP Government for online sanction and disbursement of Post Matric Scholarships from the year 2008-09 under Social Benefits Management System (SBMS).
The ePASS scheme took off in 2009, and since then has played a stellar role in ensuring government scholarships reach the students quick and in an efficient manner.
Five Banks have been identified as Nodal Banks for this purpose. They are State Bank of India, State Bank of Hyderabad, Andhra Bank, Syndicate Bank and Indian Bank. Based on the principle of “One Institution – One Bank”, all the students of an Institution shall have to open their Bank accounts only in the Bank attached to their Institution.
State Bank of India has decided to issue eZ-Pay Cards instead of opening bank accounts. eZ-Pay Card are prepaid cards, where the scholarship amount is the top-up amount.
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- LPG subsidy directly in bank accounts from today in 18 districts (ndtv.com)