World Bank team pats AEPS

District Collector Babu A. told a delegation of the World Bank (WB) that pensions amounting to nearly Rs.36 crore are being paid to 3.30 lakh retired employees by business correspondents through micro-ATMs.

Speaking to the WB team that came to study the process of Aadhar-enabled Payment System (AEPS) on Wednesday, Mr. Babu said Krishna district achieved great success in facilitating cashless transactions.

The manner in which AEPS was implemented won wide acclaim.

A total of 1,250 business correspondents have been meeting the requirements of people in every village and ward after the cash crunch that was created by demonetisation of the Rs.500 and Rs.1000 notes.

e-POS machines were being provided to over 40,000 business establishments in a mission mode footing by 120 teams.

At least one member of each household in the district has a bank account that is seeded with Aadhar number.

This was an essential component of the Central government’s financial inclusion scheme, he said.

The WB team, comprised William Price, Gowtham Bharadwaj, Parul Khanna and Darin Rider, appreciated the efforts being made by A.P Government to go digital.