India

NITI Aayog to provide Rs 5 lakh per district to encourage digital payment system

ProMASS: DEC 05, 2016: 

NITI Aayog will be immediately transferring 5 lakh rupees for every district in the country as seed money to kick start this drive. A letter has been written to district collector, commissioners and magistrates in this regard by NITI Aayog CEO Amitabh Kant, who is also member of the committee to promote cashless payments. For availing the incentive, the district collector, commissioner or magistrates would have ensure that individuals transiting to digital payment mode should do at least two successful transactions by any of the five methods.These five modes are – unified payment interface (UPI), Unstructured Supplementary Service Data (USSD), Aadhaar Enabled Payments, e-wallets and Rupay debit/credit/prepaid cards.

According to the letter, the top ten best performing districts of India will be awarded the Digital Payment Champions of India Award by NITI Aayog/Government of India. Similarly, the 50 Panchayats which go cashless will be awarded Digital Payament Award of Honour.

     Courtesy: AIR NEWS

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