Around 60,000 to get the wages this month itself

The entire workers enrolled under Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) in the district is all set to get their wages by means of electronic fund management system through banks soon.

District Consultative Committee for Banking Development sources told The Hindu that 82,000 workers registered under the MGNREGS in the district would be brought under the e-payment mode in two phases.

“In the first phase, it has been planned to roll out payment this month itself to around 60,000 workers in 160 of the total 265 village panchayats in the district, which have a population of more than 2,000 each,” banking officials said.

The remaining village panchayats, all having population of less than 2,000, will be covered in the second phase of the project.

Lead Bank sources said that almost 25 banks were involved in the implementation of the e-payment project in Tirupur district, which was among the select five districts in the State where the electronic mode of wage disbursal gets implemented simultaneously.

“Transferring of payment via banks, a deviation from the conventional disbursal of wages through village panchayat administration, will ensure greater transparency, check corruption, and significantly bring down the operational costs,” banking sources added.

The banks involved in the implementation had short-listed business correspondents to carry out the money transactions from the bank accounts to the beneficiaries at the village level.

“Since the electronic fund management system is used for payment of wages, crediting of the salaries to the beneficiaries’ accounts become faster which, in turn, will avoid the delays otherwise incurred when giving away wages manually through village administration as cash,” banking sources pointed out.