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Key Points

India's digital transformation has reached unprecedented heights under Prime Minister Modi's leadership. Finance Minister Sitharaman revealed a remarkable 90-times increase in direct benefit transfers over just one decade. The country now leads global real-time payments, processing over Rs 260 lakh crore in transactions. This digital revolution represents more than technological advancement—it symbolizes a fundamental shift towards transparent, efficient, and inclusive governance.

Key Points: Sitharaman Reveals 90X Rise in DBT Under Modi's Digital Revolution

  • 90X rise in direct benefit transfers from 2013-14 to 2024-25
  • India leads global real-time payments with Rs 260 lakh crore transactions
  • 55.44 crore Jan Dhan accounts opened, 56% owned by women
2 min read

Over 90 times rise in direct benefit transfer in just a decade: FM Sitharaman

Finance Minister highlights India's massive digital transformation with 90X increase in direct benefit transfers and record-breaking digital payment volumes

"India has transformed into a hub of digital innovation, tech-led governance, and global trust - Nirmala Sitharaman"

New Delhi, June 12

There has been more than 90 times rise in direct benefit transfer (DBT) in just a decade under the Prime Minister Narendra Modi-led government, Finance Minister Nirmala Sitharaman said on Thursday.

Moreover, India leads the world in real-time payments, with more than Rs 260 lakh crore worth of transactions processed in 2024-25, the Finance Minister informed on the X social media platform.

“From Rs 7,368 crore in 2013-14 to Rs 6.83 lakh crore in 2024-25, there has been a 90X+ rise in DBT transfer in just a decade under Prime Minister Modi’s leadership, ensuring that every rupee reaches to every citizen,” said FM Sitharaman.

She further stated that India leads the world in real-time payments as “Rs 260+ lakh crore worth of transactions processed in 2024-25 and approximately 18,600 crore transactions by volume handled annually”.

According to the Finance Minister, India’s tech journey over the last 11 years is nothing short of revolutionary.

“India has transformed into a hub of digital innovation, tech-led governance, and global trust. From manufacturing to space tech, from digital payments to rural connectivity — the change is visible, impactful, and lasting,” she emphasised.

But this isn’t just about devices and platforms — it’s about seamless governance, citizen empowerment, and building a tech-first ‘Viksit Bharat’, said FM Sitharaman.

A staggering 55.44 crore Jan Dhan accounts have been opened in India, 56 per cent of which belong to women, and the total amount in these deposits has surpassed Rs 2.5 lakh crore as of May 21 this year, according to RBI Deputy Governor M. Rajeshwar Rao.

In FY 2024-25, digital payments surged 35 per cent Y-o-Y by volume to 60.81 crore transactions per day, with UPI accounting for 83.73 per cent of such transactions. The extraordinary uptake of UPI stands as a testament to the power of collaborative and use-case-driven innovation in driving financial inclusion, Rao observed.

- IANS

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Reader Comments

R
Rahul K.
This is truly remarkable progress! My mother in our village now gets her pension directly in her account without any middlemen taking cuts. Digital India is transforming lives at the grassroots level. 🇮🇳
P
Priya M.
While the numbers are impressive, I hope the government ensures cybersecurity keeps pace with this digital expansion. Last month, my neighbor lost ₹15,000 in a UPI scam. More awareness campaigns needed!
A
Arjun S.
From standing in long queues to instant transfers - what a journey! UPI has become our national pride. Even foreign friends are amazed when I pay chai-wala with phone. #DigitalIndia
S
Sunita P.
The women empowerment angle is most satisfying. 56% Jan Dhan accounts to women means financial independence for millions of sisters and mothers. Beti Bachao, Beti Digital Banao! 💪
V
Vikram J.
Good progress but rural areas still face network issues. My cousin in Odisha's interior village struggles with poor connectivity for UPI payments. Infrastructure must reach the last mile.
N
Neha T.
As a small business owner, UPI has been a game-changer! No more handling dirty cash or worrying about change. But transaction failures during peak hours need to be addressed.

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