Wednesday, September 29, 2021

Digital payment system e-RUPI launched to strengthen Direct Benefit Transfer in country

Prime Minister Narendra Modi yesterday launched e-RUPI, a cashless and contactless instrument for digital payment through video conferencing.

Speaking on the occasion, Mr Modi said, the country is giving a new dimension to digital governance and e-RUPI will play a great role in strengthening Direct Benefit Transfer, DBT. He said, e-RUPI voucher will help everyone in targeted, transparent and leakage free delivery. Mr Modi said, the Centre is taking over 300 governmental schemes to the poor through DBT.

He said, one lakh 35 thousand crore rupees have been transferred to farmers under PM Kisan Samman Nidhi, 85 thousand crore rupees for government purchase of wheat were also disbursed in this manner. Prime Minister said, the biggest benefit of this all is that one lakh 78 thousand crore rupees were prevented from going to the wrong hands.

The Prime Minister said, e-RUPI is a futuristic reform that is being initiated at the time when the country is to celebrate Bharat ki Azadi ka Amrit Mahotsav. He said, e-RUPI vouchers are purpose – specific and will ensure that the benefits of the voucher are availed for the service it is meant for. Mr Modi said, if any organization wants to help people in their treatment or education or for any other purpose, then they will be able to give e-RUPI instead of cash.

The Prime Minister said, when it comes to innovations, use of technology in service delivery, India has the ability to lead along with big countries of the world. He said, Aarogya Setu App is among the most downloaded app in the world. Even, CoWIN system is playing a majore role in streamlining the world’s largest vaccine drive. Mr Modi said, India is showing the world that it knows how to use technology to benefit its citizens in the remotest parts.

The Prime Minister said, every month, UPI transactions are setting new records. He said, in July, India has witnessed over 300 crore rupee UPI transactions. Additionally, RuPay card has been launched in Singapore and Bhutan. Mr Modi said, at present, there are 66 crore RuPay card holders in India and the transactions worth thousands of crore rupees are being done through it.

E-Rupi, a person and purpose specific digital payment solution, is a QR code or SMS string-based e-Voucher, which is delivered to the mobile of the beneficiaries.

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