Win Rs.1 Crore and Weekly Prizes

Win Rs.1 Crore and Weekly Prizes on Digital Transactions: Modi Govt

Win Rs.1 Crore

Win Rs.1 Crore and Weekly Prizes on Digital Payments: Modi Govt

In a move to promote cashless transactions, The Modi Government on Thursday announced awards for people making payments through digital means.

NITI ¬†Aayog, the government’s think tank, has asked National Payment Corporation of India to launch an award scheme to incentivise people using digital mode of payments through weekly and quarterly lucky draws with annual budget of Rs.125 crore.

NPCI is charged with a responsibility of guiding India towards being a cashless society. Money from financial inclusion fund will be used for the award scheme.

NITI Aayog CEO Amitabh Kant today introduced several lucky draw schemes offered by the government for customers and traders opting to make their payments through digital modes.

Digital Payments through RuPay Cards, UPI, AEPS and USSD between Rs.50 to Rs.3000 will be eligible for awards. But Payments through credit cards and e-wallet will not be included.

All those who have used digital payments systems after November 8 shall be eligible to participate in the scheme.

Every day 15000 winners will be chosen across India for a prize of Rs.1000 for next 100 days which will be started from December 25.

Kant announced that 7000 weekly draws would take place, with a maximum prize of Rs. 1 lakh each for consumers and Rs.50000 each for merchants.

There will be yearly mega awards which will be declared on the occasion of the birth anniversary Dr. Babasaheb Ambedkar in which a customer can win prize worth Rs. 1 Crore, Rs.50 lakh and Rs.25 lakh under Lucky Grahak Yojana.

The Luckiest consumer can get a mega award of Rs. 1 Crore under the Lucky Grahak Yojana or Lucky Grahak Scheme. Traders and Merchants who are ready to move ahead with the digital transactions will get mega awards upto Rs.50 lakh under the Digi Dhan Vyapari Yojana or Digi Dhan Vyapari Scheme.

Amitab Kant also informed that transactions through e-wallets have risen by 271 percent and through UPI 119 percent since demonetization was announced on November 8.

Stating that all governments are now moving towards digital payments, Kant defended Finance Minister Arun Jaitley, who had earlier said the government’s goal was to move to a cashless economy.

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