Jisha Surya
Thiruvananthapuram: The Akshaya Project has become the first agency in the state to make direct entitlements transfer through Aadhaar-enabled payment bridge (AEPB), a gateway through which transfer of benefits will be made directly to the beneficiary’s Aadhaar-linked bank account. Last week, Akshaya transferred the Comprehensive Health Insurance Agency of Kerala incentives worth about Rs 1 lakh to 45 Akshaya entrepreneurs using the AEPB.
According to Akshaya project director P Balakiran, all the 2,000 Akshaya beneficiaries were enrolled under UID Aadhaar and their bank accounts linked to their Aadhaar numbers. Akshaya, then, entered into sponsor bank agreement with the Canara Bank.
“We have developed our own software which converts the excel file into AEPB file format. On February 26, we transferred the AEPB file to the Canara Bank to do the test transaction of Re 1 each to 10 beneficiaries,” Balakiran said.
After the test transaction became successful, Rs 1 lakh was transferred to the 45 Akshaya entrepreneurs on March 7. The list of all the Aadhaar numbers and the amount was submitted as an AEPB file to the Canara Bank. The bank sent the AEPB file to the National Payments Corporation of India (NPCI) Mapper, which has the complete repository of Aadhaar numbers and linked bank accounts. NPCI transferred the amount to the Aadhaar-linked bank accounts of the beneficiaries.
“Akshaya has decided to transfer all the entitlements only through the AEPB. This will ensure that the benefits reach the genuine beneficiaries reducing delays and avoiding middlemen. It is also in line with the government policy that the benefits be transferred directly to their Aadhaar-linked bank accounts,” said Balakiran.
Thiruvananthapuram: The Akshaya Project has become the first agency in the state to make direct entitlements transfer through Aadhaar-enabled payment bridge (AEPB), a gateway through which transfer of benefits will be made directly to the beneficiary’s Aadhaar-linked bank account. Last week, Akshaya transferred the Comprehensive Health Insurance Agency of Kerala incentives worth about Rs 1 lakh to 45 Akshaya entrepreneurs using the AEPB.
According to Akshaya project director P Balakiran, all the 2,000 Akshaya beneficiaries were enrolled under UID Aadhaar and their bank accounts linked to their Aadhaar numbers. Akshaya, then, entered into sponsor bank agreement with the Canara Bank.
“We have developed our own software which converts the excel file into AEPB file format. On February 26, we transferred the AEPB file to the Canara Bank to do the test transaction of Re 1 each to 10 beneficiaries,” Balakiran said.
After the test transaction became successful, Rs 1 lakh was transferred to the 45 Akshaya entrepreneurs on March 7. The list of all the Aadhaar numbers and the amount was submitted as an AEPB file to the Canara Bank. The bank sent the AEPB file to the National Payments Corporation of India (NPCI) Mapper, which has the complete repository of Aadhaar numbers and linked bank accounts. NPCI transferred the amount to the Aadhaar-linked bank accounts of the beneficiaries.
“Akshaya has decided to transfer all the entitlements only through the AEPB. This will ensure that the benefits reach the genuine beneficiaries reducing delays and avoiding middlemen. It is also in line with the government policy that the benefits be transferred directly to their Aadhaar-linked bank accounts,” said Balakiran.
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