Modi launched BHIM-Aadhar App

Nagpur, April 14: The Prime Minister Narendra Modi had launched the BHIM-Aadhaar digital payments platform to boost the digital payments revolution and also felicitated some of the winners of the Mega Draw on Friday.

As a part of DigiDhan Mela, Modi had presented awards to the mega draw winners of Lucky Grahak Yojna and DigiDhan Vyapar Yojna.

Rs 1 crore, 50 lakh and 25 lakh Mega rewards were announced to small consumers for using Digital Payments Lucky Grahak Yojana.

Modi today paid tributes to Dr Babasaheb Ambedkar on his 126th birth anniversary at Deekshabhoomi in Nagpur.

Addressing the gathering at Nagpur, Modi said, Bhim app will give more power to the poor. "Soon the poor of the country will chant Digidhan, Nijidhan," he added.

Stating that BHIM app will positively impact everyone's lives, Modi added, "Your mobile phone will be your bank."



BHIM-Aadhaar, the merchant interface of the BHIM App will pave the way for digital payments by using the Aadhaar platform enabling each Indian to pay digitally using their biometric data on a merchant`s biometric-enabled device like a SmartPhone with a biometric reader.

Already, 27 major banks are now on board this platform with 300,000 merchants to start accepting digital payments.

Modi also launched two new incentive schemes for the BHIM-Cashback and Referral Bonus with an outlay of Rs 495 crore for a six-month period to ensure permeating digital payments culture to the grassroots.

Under the Cashback scheme, the merchants will get a cashback on every transaction using BHIM.