Govt plans lucky draws to boost e-payments

On Thursday, the Finance Ministry announced a number of discounts on digital payments made for the purchase of petrol, diesel, insurance premiums, highway toll, seasonal rail tickets, etc.

By: Express News Service | New Delhi | Published:December 11, 2016 3:56 am
NITI Aayog, Finance Ministry, digital transactions, demonetisation, demonetisation news, India news, Indian Express NITI Aayog. (File Photo)

Following up on the slew of incentives announced by the Finance Ministry on Thursday, the NITI Aayog has asked the National Payments Corporation of India to come up with a scheme of weekly and quarterly lucky draws to encourage digital transactions.

According to a statement of the Aayog, besides a weekly lucky draw of the transaction IDs generated in a particular week, a quarterly draw with grand prizes has been proposed. The statement said the scheme would focus on the poor, lower middle class and small businesses. The guidelines of this scheme have not been detailed yet.

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“It would be ensured that all those who have used digital payment systems after November 8 shall be eligible to participate in the scheme,” Niti Aayog said in the release.

All modes of digital payments such as Unstructured Supplementary Service Data (USSD), Aadhaar Enabled Payment Systems (AEPS), Unified Payment Interface (UPI) and RuPay cards, would be eligible under the scheme. For merchants, transactions made on their point-of-sale machines would be considered, it said.

On Thursday, the Finance Ministry announced a number of discounts on digital payments made for the purchase of petrol, diesel, insurance premiums, highway toll, seasonal rail tickets, etc.

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  1. T
    Trun
    Dec 11, 2016 at 1:46 am
    Hehe finally to revive economy we have to give freebies. Seems govt has lost all hopes on work they have done on economic front and hope doesn't show on political front too.
    Reply
  2. P
    Praful Vora
    Dec 11, 2016 at 12:05 am
    Good start
    Reply
  3. B
    Barbie
    Dec 11, 2016 at 6:25 am
    So much hype is being created by the Government for promoting e-payments. Seems like they have no idea about how much all the countries lose to credit/debit card frauds each year. This is not a magic pill to cure all evils.lt;br/gt;Just in USA, the merchants lose $190bn per year to this fraud and this is almost the amount equivalent to India's GDP. lt;br/gt;Offering these as an additional service is good, but making them mandatory and refusing to accept cash payments for govt transactions is ridiculous.
    Reply
  4. M
    Manzoor
    Dec 11, 2016 at 7:06 am
    BJP not only changed the name from 'Planning Commission' to 'Niti Aayog' but degraded the responsibility also. What a mockery!!!
    Reply
  5. N
    Narinder Singh
    Dec 11, 2016 at 4:14 am
    Freebies are not to revive the economy but to encourage more people to use digital payment modes, tun tun.
    Reply
  6. V
    Vihari Naidu
    Dec 11, 2016 at 5:09 am
    Change the name of Niti Aayog lt;br/gt;to Lottery Aayog
    Reply
  7. V
    Vihari Naidu
    Dec 11, 2016 at 5:11 am
    Just like shops distribute lotteries when their s are down
    Reply
  8. V
    Vihari Naidu
    Dec 11, 2016 at 5:10 am
    Not freebies. You have to gamble just like a lottery.
    Reply
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