SME Times is powered by   
Search News
Just in:   • Markets open higher, Sensex at 31673 pts  • Empowering rural women entrepreneurs is itself a challenge: Parul S Mehta  • Invite Nilekani to join Infosys board: Domestic investors  • Bandhan Bank focuses on gold loan, initiates listing process  • Govt appoints Bansal as new CMD of Air India 
Last updated: 10 Apr, 2017  

Pranab Mukherjee THMB President urges people to help make India cashless society

Pranab Mukherjee
   Top Stories
» Development, good governance key to citizens' satisfaction: PM
» Govt notifies new Rs 200 notes; no plan to ban Rs 2,000 note
» NITI Aayog invites applications for 'Mentor India' to boost entrepreneurship
» Right to Privacy a fundamental right: SC
» Train mishaps in UP continue, Prabhu offers to quit
SME Times News Bureau | 10 Apr, 2017
President Pranab Mukherjee on Sunday urged the people to support the government's mission to make India a cashless society.

"I urge all citizens to extend their unstinted support to the mission of a less cash India. All efforts of the government will achieve their end only if people were to adopt them proactively," the President said.

Mukherjee was speaking on the occasion of the 100th mega draw of lots for Lucky Grahak Yojana and Digi Dhan Vyapar Yojana at Rashtrapati Bhavan.

"India has a long way to go to become a cashless society. Presently, we remain primarily a cash-based economy with about 95 percent of the personal consumption and 86 percent of all transactions being in cash," President Mukherjee said.

Appreciating the government initiatives, he said: "It is necessary to reduce cash in circulation and impart greater urgency to promoting secure digital payment methods to ensure greater transparency."

Calling the Aadhaar card a watershed event in the development story of India, President Mukherjee said: "Aadhaar enabled payment system has made digital payments possible for even those section of the population who may not have mobile phones."

"Launch of BHIM has demystified the digital payments and brought it within the grasp of every citizen," he said while discussing the new modes of digital payments which are being developed for making payments easier.

He complimented the government for the initiatives, for promoting the culture of digital payment in the country.

The government launched the Lucky Grahak Yojana for consumers and Digi Dhan Vyapar Yojana for merchants on December 25, 2016, in order to promote and encourage digital transactions. These schemes are being implemented by the National Payment Corporation of India (NPCI).

The Lucky Grahak Yojana rewards Rs 1,000 daily to 15,000 customers undertaking digital transactions. Weekly prizes up to Rs 1 lakh for consumers and Rs 50,000 for merchants are given. As on March 30, 2017, 13.5 lakh consumers and 79,519 merchants have received prizes under these schemes.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
65.15
63.45
UK Pound
84.20
81.35
Euro
76.70
74.10
Japanese Yen 59.10 57.10
As on 24 Aug, 2017
  Daily Poll
Is GST affecting exports negatively?
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(25)
» Exports slowdown(14)
» PM's I-Day speech: Govt eases way for small businesses(7)
» Economic Survey: Volume-2(6)
» Digital advertising in India growing at a rate of 40 pc annually(2)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter