At the inauguration ceremony of the digital transformation program in TCB's conference room on Thursday, Commerce Minister Khandaker Abdul Muktadir said that through technology it will be possible to deliver government subsidy benefits to real beneficiaries and ensure transparency in distribution.
Economy
TCB Going Digital, Transparency in Subsidy Distribution to Increase
Even if the card is lost, goods can be received through the new mobile app by verifying identity using a digital QR code. Transparency in dealer recruitment and financial transactions will also increase through online dealer management, digital lottery and online payment.
Along with biometric verification, online payment and instant sales receipts at POS, AI-based real-time monitoring is being introduced. Through this, product distribution and potential irregularities can be monitored instantly.
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It was informed at the event that after verifying information, nearly 5.9 million ineligible applicants have been excluded. Currently about 7.9 million beneficiaries are under TCB, with a goal to increase it to 10 million in the future. Due to digital transformation, the government expects to save about Tk 300 to 350 crore in subsidies in the current fiscal year.
Secretary of the Ministry of Commerce Md. Ataur Rahman Khan, President of the Parliamentary Standing Committee Engineer Khaled Hossain Mahbub Shyamal, and TCB Chairman Brigadier General Mohammad Foysal Azad, along with concerned officials, were present at the event.