For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Pay Digital And Get Cashback From Dec 25

|

The government today will launch awards under the Lucky Grahak Yojana and Digi-Dhan Vyapar Yojana in 100 cities over 100 days on December 25. The first draw of the Lucky Grahak Yojana to provide a cashback of Rs 1,000 to 15,000 consumers every day for the next 100 days will be launched on December 25, 2016, in New Delhi, the Niti Aayog said in a statement, reports PTI.

Finance Minister Arun Jaitley and Minister of Electronics & IT Ravi Shankar Prasad will inaugurate the first draw of lots in Delhi. To create awareness in different parts of the country, this event would be followed in 100 different cities across India over the next 100 days until March, Niti Aayog said.

Pay Digital And Get Cashback From Dec 25
 

Winners will be selected on a daily and weekly basis under the Lucky Grahak Yojana and weekly basis under the Digi-Dhan Vyapar Yojana respectively, leading up to a mega draw on April 14, 2017, thereafter the scheme shall be reviewed for further implementation.

With the goal of ensuring that easy and user-friendly methods of digital payments become a mass movement in India, the government had announced a slew of incentives to encourage the general public to move from cash to a digital platform, it added. Thus discounts will now be given for payments made on a digital platform at petrol stations, for the insurance premium, tolls at national highways and for railway tickets.

The statement further said to reduce transaction costs of digital payments several fees and charges being levied so far by banks and on various government portals have either been reduced or done away with.

Besides, schemes have also been launched to improve the supply of cards and POS machines in rural areas. Niti Aayog, along with the National Payments Corporation of India (NPCI) as its implementation partner, launched two major schemes - Lucky Grahak Yojana for consumers and Digi-Dhan Vyapar Yojana for merchants.

 

By providing monetary rewards for undertaking Digital Transactions made with Rupay cards, AEPS, UPI Apps and USSD, these schemes attempt to attract general public and facilitate significant behavioral change among the public, the NITI Aayog said.

Goodreturns.in

Story first published: Saturday, December 24, 2016, 12:06 [IST]
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Find IFSC

We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more