ICICI Bank, Canara Bank, Punjab & Sind Bank, Indian Bank, Axis Bank, HDFC Bank, State Bank of India and Bank of Baroda enabled for SNA Model-1 on PFMS. ICICI Bank, KOTAK MAHINDRA BANK, RBL Bank and HDFC Bank enabled for SNA Model-2 on PFMS.

Direct Benefit Transfer

Transferring subsidies directly to the people through their bank/Post office account is Direct Benefit Transfer. It aims to timely transfer of benefit to the citizen by bringing efficiency, effectiveness, transparency and accountability in the Government system. Through the DBT Government intend to achieve electronic transfer of benefits, reduce delays in payments and most importantly, accurate targeting of beneficiaries, thereby curbing leakages and duplication.