Delhi: Audit Reveals 48.74% Students Denied Financial Benefits Due To Bank Account Issues

Delhi: Audit Reveals 48.74% Students Denied Financial Benefits Due To Bank Account Issues

A recent audit report from the Municipal Corporation of Delhi (MCD) reveals that 48.74% of students in MCD schools were denied financial benefits from 2016-17 to the 2022-2023 session due to the non-opening of bank accounts necessary for fund disbursement

Siksha MUpdated: Monday, January 15, 2024, 05:09 PM IST
article-image
Delhi: Audit Reveals 48.74% Students Denied Financial Benefits Due To Bank Account Issues | Representative image

A recent audit report from the Municipal Corporation of Delhi (MCD) reveals that 48.74% of students in MCD schools were denied financial benefits from 2016-17 to the 2022-2023 session due to the non-opening of bank accounts necessary for fund disbursement, according to a report from PTI.

The audit, conducted by the MCD's Office of Chief Auditor, disclosed that the Education Department failed to provide financial benefits under government schemes to approximately 3,83,203 students.

MCD adopted a Direct Benefit Transfer (DBT)

The MCD, in 2016-17, adopted a Direct Benefit Transfer (DBT) system to transfer benefits directly to students' bank accounts, aiming to streamline fund distribution and prevent malpractice. However, the audit found that, as of November 2023, the 100% target for making Aadhar cards mandatory for opening bank accounts had not been achieved.

Of the total 7,86,205 students in MCD schools, only 4,03,003 had bank accounts by November 2023. The report noted that 1,36,599 students, despite having Aadhar cards, did not have bank accounts.

The lack of a proper mechanism and inconsistency in monitoring/reconciling the database of account holders with enrolled students led to students being deprived of financial assistance under various schemes, violating the Right to Education Act 2009.

No clarity from MCD on target achievement

The audit report recommended that the MCD initiate the process of opening bank accounts for the financial year 2023-2024 by April, setting a deadline of June 30. It also urged the corporation to issue guidelines for schools to open bank accounts at the headquarters level and suggested signing MOUs with banks to facilitate the process. However, there is no clarity from the MCD on whether the set targets have been achieved.

With input from agencies

RECENT STORIES

Manabadi SSC Results 2024 AP: BSEAP 10th Result To Be Released By April 25; Click Here For More...

Manabadi SSC Results 2024 AP: BSEAP 10th Result To Be Released By April 25; Click Here For More...

UPSC CSE 2023 Results: 11 Women Among 31 Jamia Millia Candidates Crack UPSC Civil Services Exam 2023

UPSC CSE 2023 Results: 11 Women Among 31 Jamia Millia Candidates Crack UPSC Civil Services Exam 2023

3 Out Of 5 UPSC CSE Toppers This Year Were Former IPS Officers, A First In 11 Years!

3 Out Of 5 UPSC CSE Toppers This Year Were Former IPS Officers, A First In 11 Years!

UPSC CSE Result 2023: "Had A Lot More Confidence In Myself.." Says AIR 16 Topper Ayan Jain

UPSC CSE Result 2023:

IIT Guwahati Student Goes Missing For Over A Week; Brother Hints At Kidnapping

IIT Guwahati Student Goes Missing For Over A Week; Brother Hints At Kidnapping