Chandigarh will become the first union territory (UT) in the country to undertake a full-scale rollout of a Central Bank Digital Currency (CBDC)-based Direct Benefit Transfer (DBT) system for food subsidy under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) on August 14.
Why It Matters
Chandigarh was among the first regions to implement the DBT model for food subsidy in September 2015, replacing physical distribution of subsidised foodgrains with direct transfer of subsidy into Aadhaar-linked bank accounts of eligible households.
