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Abstract
The sound and efficient financial systems are especially important for sustaining growth in developing India, because efficiency of investment will overshadow quantity of investment as the driver of growth in the region.There are many schemes and programmes of the Government of India under which many benefits are provided to the people such as subsidies, scholarships to students, benefits for pregnant mothers and marriage and micro credit to poor women. Till now, the beneficiaries were not getting this amount directly in their bank accounts. Also, there were cases where the intermediary officers ask for a 'cut' or 'commission' and there were leakages in the benefits reaching the true beneficiaries.