Society to move from digital to digi-dhan

     Written by : SMTV24x7 | Sun, Dec 11, 2016, 01:33 AM

Society to move from digital to digi-dhan

New Delhi December 11 : As we know, NITI Aayog "National Institution for Transforming India" intiated by PM Narendra modi. In order to implement the more digital transactions across the country, NITI Aayog has asked National Payments Corporation of India (NPCI) to launch an award scheme to incentivise people using digital mode of payments through weekly and quarterly luck draws with an annual budget of Rs. 125 crore.

Digital payment transaction have seen a remarkable increase in both volume and amount since November 9, when Govt banned the high demonitised notes, said by NITI Aayog.

It Stated that it is necessary to ensure that electronic payments are adopted by all sections of the society.

"We need to encourage electronic payments and nudge the society to move from digital to digi-dhan," NITI Aayog said.

All consumers and merchants using digital payments will be eligible for the award scheme.

NITI Aayog has also proposed quarterly draw for grand prizes and asked NPCI to focus on poor, lower middle class and small businesses while designing the scheme.

In this scheme, two levels of incentive amounts will be available.First, weekly lucky draw of the transaction IDs generated in that week. The contours of which are being finalised, it added.

USSD, AEPS, UPI and RuPay Cards - will be eligible under the scheme for the all modes of digital payments. More information on the scheme will be revealed soon said by NITI aayog.

It is also provides recognition of state govenment.