NITI Aayog to provide Rs 5 Lakh per district to encourage cashless economy
स्रोत: News Bharati English      तारीख: 05-Dec-2016

New Delhi, December 5: As part of Government’s push to cashless economy post-demonetization, NITI Aayog will provide incentives to District Collectors for every individual shifting to digital payment mode, Chief Executive Officer Amitabh Kant said on Sunday.
It is providing financial support to incentivize the district administration to reach out to the general public and small traders in villages and talukas, and encourage them to shift to cashless payments. It has also asked district magistrates to ensure that financial transactions in the district and subordinate organizations are cashless and on e-platforms.

“An incentive of Rs. 10 will be provided to District Collectors or DMs or deputy commissioner for every individual who has transited to digital payment mode and has undertaken at least two successful transactions,” Mr. Kant said in a letter to Collectors.

Embeded ObjectNITI Aayog will be immediately transferring Rs5 lakh for every district in the country as seed money to promote digital payments among citizens right from the Panchayat-level as per a letter written to district collectors, commissioners and magistrates by NITI Aayog CEO Amitabh Kant who is also a member of the committee to promote cashless payments in India.

For availing the incentive, the district collector, commissioner or magistrates would have to 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 Payment Award of Honor.

To speed up the transition from cash transactions to digital platform at the grassroots level, the Aayog asked DMs to collect all types of user charges, fees and penalties through digital payment modes.