Finance Minister: All social safety net programs to be brought under G2P in FY25

Finance Minister Abul Hassan Mahmood Ali has said all cash-based social safety net programs will be brought under the Government-to-Person (G2P) system by the upcoming 2024-25 fiscal year.

"Out of 115 social safety net programs, 34 are cash-based, and 19 of these programs are currently disbursing funds directly to beneficiaries' bank accounts or mobile banking accounts via the G2P system," the minister said.

The finance minister said: "More than 93% of the cash-based social safety net programs benefits are being paid through the G-2-P system. The remaining cash-based programs will also be brought under this system in the next fiscal year".

He said this while presenting the proposed budget for the 2024-2025 fiscal year amounting to Tk797,000 crore (Tk7.97 trillion) in parliament on Thursday.

The finance minister said Prime Minister Sheikh Hasina inaugurated the G2P system for electronic payment of allowances to beneficiaries within the social safety net on January 14, 2021.

"Now allowances are being distributed to a total of 11.5 million beneficiaries through the G2P system," he added.

He also said, a nationwide survey to identify individuals with disabilities has been completed, leading to the creation of the Disability Information Management System software, which contains data of approximately 3.3 million identified disabled persons.

A database server has been set up in Bangladesh Computer Council to store data in this software, he added.

Source: BSS