Govt transfers over Rs 1,600 crore to 58 lakh mothers under PMMVY

New Delhi, Nov 23: The government has transferred over Rs 1,600 crore to eligible mothers under Pradhan Mantri Matru Vandana Yojana through direct benefit transfer till Friday, Centre for Digital Financial Inclusion (CDFI) that uses technology for financial inclusion said.
“Rs 16,04,66,63,000 transferred through direct benefit transfer to 58 lakh women,” CDFI said.
The non-profit organisation CDFI conceptualised, designed and implemented the PMMVY-CAS (Common Application Software) System through which disbursements were made.
The programme, which became applicable from January 1, 2017 provides a cash incentive of Rs 5,000 in three installments to pregnant women and lactating mothers for the first child through Direct Benefits Transfer (DBT).