The partnership between the Culture Ministry and Canara Bank for the monthly disbursal of assistance to veteran artists offers several benefits: 1. Streamlined Process: The collaboration ensures a smooth and efficient mechanism for the disbursement of assistance. Canara Bank's extensive network of branches and digital services makes it convenient for veteran artists to receive their monthly assistance. 2. Reliable and Timely Payments: By involving a trusted banking institution like Canara Bank, the partnership guarantees that artists receive their assistance on time, eliminating delays or administrative inefficiencies. 3. Financial Inclusion: Canara Bank's wide reach ensures that veteran artists from remote areas or those lacking access to banking facilities can also receive their assistance conveniently, improving financial inclusion. 4. Reduced Administrative Burden: The collaboration eases the administrative burden on the Culture Ministry by leveraging Canara Bank's expertise in banking operations and processes. This allows the ministry to focus on its core functions. 5. Increased Accountability: Partnering with a trusted bank enhances transparency and accountability in the disbursal process, minimizing the possibility of fraud or mismanagement. 6. Technology-driven Solutions: Canara Bank's digital banking services facilitate online transfers, mobile banking, and other technology-driven solutions, making it convenient for artists to manage their funds. Overall, the partnership between the Culture Ministry and Canara Bank ensures efficient disbursal of assistance, financial inclusion, and accountability for veteran artists.