Banglar Bari Scheme: CM Mamata Banerjee Releases First Installment of Banglar Bari Housing Scheme Funds

Banglar Bari Scheme: Bringing an end to a long wait for the rural population of West Bengal, Chief Minister Mamata Banerjee made a significant announcement today. From a special event stage in Singur, she officially initiated the process of releasing funds for the construction of houses for 20 lakh beneficiaries under the state’s own ‘Banglar Bari’ scheme.

This move by the state government is expected to bring about a major change in the rural economy and the lives of common people. However, does pressing the button by the Chief Minister mean the money will instantly reflect in your account? Or will you have to wait? This report details the process of fund transfer and the timeline you need to know.

Launch from Singur: Fulfilling Dreams of 20 Lakh Families

Today’s event was symbolic and highly significant. Chief Minister Mamata Banerjee formally launched the scheme by pressing a remote button from the podium in Singur. Through this process, the transfer of the first installment of ₹60,000 for house construction to nearly 20 lakh beneficiaries began via Direct Benefit Transfer (DBT). Symbolically, the assistance was handed over to 10 beneficiaries on the stage itself, conveying the government’s commitment.

The Transfer Process: Have Patience, Avoid Confusion

A common question arising in many minds is, “If the Chief Minister released the funds today, why haven’t I received a bank SMS yet?” It is essential to have a clear understanding of this matter. Just like other welfare schemes of the state government, such as ‘Krishak Bandhu’ or various old-age and widow pensions, where money is credited in phases or lots, the rule is the same for the Banglar Bari scheme.

• Technical Phase: It is technically challenging to transfer money to 20 lakh accounts simultaneously in a single second, and it can put immense pressure on banking servers. Therefore, this money is sent in batches.
• Banking Procedure: After the funds are released from the treasury or government exchequer, they go through the bank’s clearing process or validation.

When Will the Money Be Credited?

There is no need to panic unnecessarily regarding the timeline of receiving the money. Following today’s launch, the expected timeline for the funds to be credited is discussed below:

• Immediate Credit: Some lucky beneficiaries might see ₹60,000 credited to their accounts on the day of release itself, i.e., today.
• Short Delay: For those who do not receive the money today, there is a high probability that it will arrive within the next 1 to 2 days.
• Maximum Timeline: In some cases, due to slower banking processes, it may take from 3 days up to a maximum of one week or 7 days for the money to reflect.

What Beneficiaries Should Do

According to the advice from the administration and experts, if your name is on the final list and the money does not get credited today, there is no cause for worry. This is an ongoing process that started today. Within the next few days, the entitled first installment amount will be deposited into the accounts of all eligible beneficiaries sequentially. Therefore, instead of listening to rumors, it is advised to check your bank account regularly and remain patient.