The government is all set to roll out direct cash transfer for its welfare schemes. This was informed by National Payment Corporation of India Managing Director and Chief Executive AP Hota in Mumbai yesterday. Seven banks have already implemented the Aadhar-enabled payment system and seven more are in the process of doing so.

The government has already announced that it will operationalise a phased shift from subsidy-based system to direct cash transfers for its various welfare schemes from next January in 51 districts to start with through the Aadhar card developed by the Unique Identification Authority.