‘Lucky Grahak Yojana’ and ‘Digi Dhan Vyapar Yojana’ announced to encourage digital payments

Thursday, December 15, 2016
New Delhi

In a bid to encourage and promote digital payments after demonetization of higher denominations of Rs.500 and Rs.1,000, the government will give daily and weekly cash awards to consumers as well as merchants from Christmas Day.

Niti Aayog CEO Amitabh Kant announcing ‘Lucky Grahak Yojana’ and ‘Digi Dhan Vyapar Yojana’ said that the schemes would cover small transactions between Rs.50 and Rs.3,000 to encourage digital payments. Rs.340 crore will be given by means of gifts under the above schemes. He said that the first draw will be taken up on December 25 and the mega draw on April 14.

National Payment Corporation of India (NPCI) will announce 15,000 winners of Rs 1,000 each for the next 100 days, starting December 25. There will be 7,000 weekly awards each for consumers and merchants. However, P2P and B2B transfers won't be covered and neither would be credit cards or e-wallets, he said.

All forms of transactions through UPI, USSD, Aadhar Enabled Payment System (AEPS) and RuPay cards will be eligible for lucky draws, he said.

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