New Delhi, Jul 16 (IANS): Finance Minister Arun Jaitley said on Friday that the Aadhaar law will ensure that all genuine beneficiaries are covered under the Direct Benefit Transfer (DBT) scheme and will help in reducing leakages.

"DBT scheme is a very important scheme as it transfers the benefit to the intended targeted beneficiaries," Jaitley said while chairing the third meeting of Consultative Committee on DBT. attached to his ministry, a finance ministry release said.

"He (Jaitley) said that Direct Benefit Transfer ensures that benefits reach the targeted population and helps in reducing leakages," the statement said.

According to the statement, some members of the Committee suggested that the Banking Correspondents scheme should be further strengthened to ensure that there is last mile coverage of beneficiaries.

Responding to the queries raised by the members, Jaitley said that Parliament has passed the Aadhaar Act and "there are provisions in the legislation to take care of the issues raised".

As on May 31, 74 schemes of 17 ministries and departments were being reported on DBT, the statement added.