“We are launching ‘Lucky Grahak Yojna’ for consumers and ‘Digi Dhan Vyapari Yojna’ to encourage merchants to transition to digital payments,” Kant said.
- Lucky Grahak Yojna would reward consumers through a daily, as well as a weekly, draw on transactions worth Rs 50 to Rs 3,000 with maximum reward up to Rs 1 lakh.
- Digi Dhan Yojna, aimed at merchants, would have a maximum reward of Rs 50,000.
Govt launches launched two schemes for consumers and merchants to promote digital payments. Photo: Niti Aayog
- The scheme would commence from December 25 and would last till April 14.
- On April 14, there would be mega awards worth Rs 1 crore, Rs 50 lakh and Rs 25 lakh, respectively, for consumers and Rs 50 Lakh, Rs 25 lakh and Rs 5 lakh for merchants.
Govt announces daily, weekly and mega awards for consumers and merchants with budget of Rs 340 crore for promoting digital payments. Photo: Niti Aayog
- 15,000 winners will get Rs 1000 each. A mega award of Rs 1 crore will be announced on April, 14.
- Both schemes will cover small transactions between Rs.50 and Rs.3000 to encourage every section of the society to move to digital payments.
- Rs 7000 weekly awards, maximum award of Rs. 50,000 each for merchants, under Digi Dhan Vyapari Yojna.
Photo: Niti Aayog
- Modes of digital payments - USSD, AEPS, UPI and RuPay Cards - will be eligible under the scheme. For merchants, transactions made on the POS machines installed at their locations would be considered
- Payments made through credit cards and e-wallets won’t be covered.
NITI Aayog had requested National Payments Corporation of India to conceptualise and launch a new scheme to incentivise digital payments. NPCI is a not for profit company which is charged with a responsibility of guiding India towards being a cashless society.