The Finance Ministry has developed a Government e-payment system for direct credit of subsidies to consumers of fertilizer, kerosene and cooking gas. In a statement issued in New Delhi, the Finance Ministry said that this system will bring transparency and expedite direct payments from central paying units relating to subsidies to the users and consumers.

The 'Government e-payment system' for direct credit of dues from the central government into the account of beneficiaries using digitally signed electronic advice through the 'Government e-Payment Gateway' (GePG), has been developed by the Controller General of Accounts Department of Expenditure.

The statement said, the Finance Minister Mr Pranab Mukherjee will inaugurate the new system on Monday. GePG is a portal which enables the successful of delivery of payment services from Pay and accounts offices for online payment into beneficiaries accounts in a seamless manner under a secured environment. The e-payment system will not only save time and efforts but will facilitate elimination of physical cheques and their manual processing. The system will also have online reconciliation of transactions and efficient compilation of payment accounts.