More than 8 lakh people win Rs 133 cr under digital payment scheme

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New Delhi | Published: February 12, 2017 6:19:00 PM

More than 8 lakh people were awarded a total of Rs 133 crore in last one nad half months under the Niti Aayog's scheme in its efforts to promote digital payments in the country.

Ratan Watal, Digital Payment, Cash Crunch, Demonetisation, MDR charges, NPCIThe centre had yesterday said that it will set up a mission with the target of achieving 25 billion digital transactions by March 2018. (Source: Reuters)

More than 8 lakh people were awarded a total of Rs 133 crore in last one nad half months under the Niti Aayog’s scheme in its efforts to promote digital payments in the country. “It’s 50 days of our #DigiDhanMelas and over 8 lakh people have won Rs 133 crore already! 50 more days to go.”,Niti Aayog said in a tweet.

Last year on December 25, the Centre had launched two schemes like Lucky Grahak Yojana and Digi-Dhan Vyapar Yojana to encourage the digital transaction.The schemes would remain open till April 14 this year.

The centre had yesterday said that it will set up a mission with the target of achieving 25 billion digital transactions by March 2018 using UPI, USSD and AAdhaar Pay, among others.

Addressing a press conference, minister for electronics and IT Ravi Shankar Prasad had said that a mission will be set up with a target of 2,500 crore digital transactions for 2017-18 through UPI, USSD, Aadhaar Pay, IMPS and debit cards.

Apart from this, the banks have targeted to introduce 10 lakh new PoS terminals more by March this year and will be encouraged to introduce 20 lakh Aadhaar-based PoS by September 2017, he added.

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“As India is now on the cusp of a massive digital revolution, promotion of a digital economy is an integral part of the government’s strategy to clean the system and weed out corruption and black money. It has a transformative impact in terms of greater formalisation of the economy and mainstreaming of financial savings into the banking system. This, in turn, is expected to energise private investment in the country through lower cost of credit,” Prasad said.

(With inpurs from PTI)

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