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DBT PPT Valmiki Scheme

The Valmiki Scholarship Scheme outlines the role of the Nodal Disbursement Bank, specifically the Bank of India, in facilitating fund remittance for various government schemes. The document details the bank's extensive network, the scope of work for disbursement, and the process steps involved in ensuring direct payments to beneficiaries. It also highlights the bank's commitment to preventing fraud and promoting the scheme among eligible beneficiaries.

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umashankar sharma
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3 views11 pages

DBT PPT Valmiki Scheme

The Valmiki Scholarship Scheme outlines the role of the Nodal Disbursement Bank, specifically the Bank of India, in facilitating fund remittance for various government schemes. The document details the bank's extensive network, the scope of work for disbursement, and the process steps involved in ensuring direct payments to beneficiaries. It also highlights the bank's commitment to preventing fraud and promoting the scheme among eligible beneficiaries.

Uploaded by

umashankar sharma
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Valmiki Scholarship Scheme

Fund Flow and Information sharing by

Nodal Disbursement Bank

Prepared By :
Recourses Mobilization
Bank of India
Ranchi zonal office
Bank of India, RANCHI ZONAL Office
Contents

About Bank Of Fund Remittance of


0 India 0 Government Schemes

1 2
Scope Of Work for Process Step
0 Nodal
Disbursement bank
0 Description

3 4
About Bank of India
Branch
network
Over 5000 branches

Business Mix Global


network
Rs 13 lakhs crores Across 18 countries
and served by 58
offices abroad

Rich Heritage

116 years of providing


Business
Banking Services Correspondents

Over 6,100
Fund Remittance of Government Schemes

500 plus (DBT and Non DBT) Centrally and State Sponsored schemes are being processed by
our Bank like :
• PM Kisan
• Abua Awas Yojna
• JHARKAHND KRISHI RIN MAFI YOJNA
• JSLPS
• National Health Mission
• Pradhan Mantri Awaas Yojana (PMAY)
• MGNREGA
• National Disability Pension, Widow Pension, Old Age Pension

Ministries Served for disbursement of funds


• Ministry of Rural Development
• Ministry of Home Affairs
• Ministry of Education
• Ministry of Agriculture & Farmer Welfare
• Ministry of Health And Family Welfare
• Ministry Of Housing And Urban Affairs
• Ministry of Panchayati Raj
• Ministry of Jal Shakti
• Ministry Of Minority Affairs
Some of the existing Portals provided by BOI

STRIVE
01 M/o Skill Development and
Entrepreneurship

PMAY
01 Ranchi Municipal Corporation

DISTRICT MINERAL FUND


02 Keonjhar Administration

03 NIESBUD
M/o Skill Development and Entrepreneurship

BOI PFMS Portal


04 for transaction tracking linked to PFMS
Bank of India’s presence in Jharkhand

LEAD BANKS
DISTRICT
WISE

Total Number of Branches: 3294


BOI Branches : 489
BOI contributes nearly 15% of all banks branch network in Jharkhand.
Scope Of Work for Nodal
Disbursement bank
• Integration of banks payment gateway to the web portal of the scheme for direct payment to
beneficiaries
• Transfer of the tuition fees to respective bank account of the higher education institutions.
• Transferring monthly sustenance allowances to the verified bank account of eligible beneficiaries
under the scheme as direct benefit transfer .
• Providing detail report on the web portal of the scheme regarding the exact financial status of the
scheme eligible beneficiary status of monthly sustenance and tuition fees payment and the
utilisation level of fund levels
• Assistant flagging and reporting of suspected case of fraud among beneficiaries of the scheme .
• Prevention of Duplicate payment
• Providing appropriate assistance to the Jharkhand space application centre for designing and the
fund disbursement process of the scheme and MIS module.
• Carry out promotional activity for popularizing the schemes among the beneficiaries.
• Establishing a Single point of contact for all scheme related issues
Process Step Description
Structural validation of payment file in Payment Portal system &
pushing to sponsor bank
– If incorrect, reject the payment file
– If correct, push to sponsor bank
Sponsor Bank to initiate debit-credit transactions
– If fund in agency/ government account insufficient, reject the
payment file
– If fund sufficient, debit the account of Agency and present the
instructions to the next applicable NACH window
If Aadhaar was successfully validated during registration of
beneficiary, payment through Aadhaar Payment Bridge (APB) System;
otherwise through bank account based settlement (NACH/IMPS)
Process Step Description
NPCI/NACH to push instruction to Destination Bank Auto generation
of inward files and pushing to Destination banks
Credit of payments to beneficiary account by Destination Bank
– For successful cases, credit to beneficiary accounts
– For returned transactions, return of funds to sponsor bank

Response of credit / debit status of all transactions


– Sponsor Bank to submit response files on credit / debit status to
PFMS
– PFMS to submit response file on credit/debit status to DBT Scheme
management system
SMS to beneficiary by DBT implementing Ministry (both successful /
unsuccessful)
Thanks
For any queries: Call / email to Resource Mobilisation Department
Email: [email protected]

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