Lucky Grahak Yojana - Cash awards for using digital payment instruments
Q. Which of the following is/are true regarding Lucky Grahak Yojana?
1) NPCI shall be the implementing agency for this scheme.
2) Weekly reward of Rs 1000 to be given to 15,000 lucky Consumers for a period of 100 days.- Published on 16 Dec 16a. Only 1
b. Only 2
c. Both 1 and 2
d. Neither 1 nor 2
ANSWER: Only 1
The aim of scheme is to give cash awards to consumers who utilize digital payment instruments for personal consumption expenditures.
Under the Lucky Grahak Yojana, daily reward of Rs 1000 to be given to 15,000 lucky Consumers for a period of 100 days;
Weekly prizes worth Rs 1 lakh, Rs 10,000 and Rs. 5000 for Consumers who use the alternate modes of digital Payments. This will include all forms of transactions viz. UPI, USSD, AEPS and RuPay Cards but will for the time being exclude transactions through Private Credit Cards and Digital Wallets.
3 Mega Prizes for consumers worth Rs 1 cr, 50 lakh, 25 lakh for digital transactions between 8th November, 2016 to 13th April, 2017 to be announced on 14th April, 2017(Ambedkar Jayanti)
