1. Coming soon, ‘sarkari’ Paytm, subsidised smartphones in your pocket: Report

Coming soon, ‘sarkari’ Paytm, subsidised smartphones in your pocket: Report

Modi government is planning to bring a 'sarkari' e-wallet on the lines of Paytm and provide subsidised smartphones to people in villages

By: | Updated: November 25, 2016 5:16 PM
demonetisation effect, demonetisation, narendra modi, pm modi, punjab, bhatinda, anandpur saheb, cash less economy, paytm, sarkari paytm, public paytm, government paytm, sarkari smartphones, public smartphones, modi smartphone, smartphone subsidy, india news, financial express The Union finance, telecom and information & technology ministries are jointly preparing the plan to introuce the ‘sarkari’ e-wallet. (Pic for representation/reuters)

Modi government is planning to bring a ‘sarkari’ e-wallet on the lines of Paytm and provide subsidised smartphones to people in villages to fast-forward India on the path of becoming a cashless economy, according to a report. Hindi daily Dainik Bhaskar today reported that the government may make some announcements in this regard in the upcoming General Budget. The government e-wallet could be different from the current Unified Payment Interface (UPI) or its updated version. Moreover, users will not be charged anything for transactions via the ‘sarkari’ e-wallet.

According to the exclusive report, the Union finance, telecom and information & technology ministries are jointly preparing the plan to introduce the ‘sarkari’ e-wallet. The NITI Aayog will handle the responsibility of monitoring the project.

Even as the Modi government is facing scathing attacks from the Opposition following the demonetisation of old Rs 500 and Rs 1000 currency notes, the proposed moves have the potential to leapfrog India to digital, cashless economy soon. On Thursday, Union Finance Minister Arun Jaitley had instructed CEO’s of all public and private sector banks to work on making India a ‘digital economy’ on a mission mode.

ALSO READ: 5 reasons why PM Modi doesn’t want you to do cash transactions

The report quoted officials as saying that subsidy amount for smartphones would be directly transferred to aadhar-linked accounts of beneficiaries. The smartphones will come with pre-installed e-wallet.

The government will also take measures to make it viable for people to make payments via e-wallets at petrol pumps, educational institutions, ration stores, milk parlours, railway stations, bus stops etc.

On November 8, Prime Minister Narendra Modi had announced the decision to demonetise old Rs 500 and Rs 1000 currency notes. The surprise decision has affected crores of citizens in the country. The government has assured that cash availability in banks and ATMs would become normal soon.

  1. Viral Shah
    Nov 25, 2016 at 3:17 pm
    give people food and medicines and not smart phones.
    Reply
    1. D
      deepak
      Nov 25, 2016 at 3:37 pm
      Hi sir paytam
      Reply
      1. S
        Srivatsa
        Nov 25, 2016 at 12:45 pm
        Government must make it mandatory for all outlets to accept sarkari wallet payments. Cash payment should be by exception like lack of network connection.
        Reply
        1. P
          pawan kumar
          Nov 25, 2016 at 12:47 pm
          p
          Reply
          1. Xerxes Shah
            Nov 25, 2016 at 4:22 pm
            Digitizing and connecting everything carries extreme dangers, that will start unfolding in future. Everything dependent on something else and Unprecedented power to government to control everything completely and no privacy. Further, outages in calamities and war will bring things to a boil. Digital money isn't the panacea it's made out to be.
            Reply
            1. R
              R. Kar
              Nov 25, 2016 at 8:31 am
              Smartphone idea is fine but it would be a lame duck due to the poor data connectivity in 90℅ of the country.
              Reply
              1. V
                Vinay
                Nov 25, 2016 at 10:18 am
                He should have taken this step before demonetization. It's good, government opened eyes
                Reply
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