Scheme Incentives for digital transactions between Rs 50 and Rs 3000
Q. Which of the following is/are true regarding Lucky Grahak Yojana and Digi-Dhan Vyapar Yojana?
1) Incentives shall be restricted to transactions within the range of Rs 50 and Rs 3000.
2) NPCI shall be implementing agency of the schemes.- Published on 16 Dec 16a. Only 1
b. Only 2
c. Both 1 and 2
d. Neither 1 nor 2
ANSWER: Both 1 and 2
To ensure that the focus of the schemes is on small transactions (entered into by common people), incentives shall be restricted to transactions within the range of Rs 50 and Rs 3000.
All transactions between consumers and merchants; consumers and government agencies and all AEPS transactions will be considered for the incentive scheme.
NITI Aayog announced the launch of the schemes Lucky Grahak Yojana and the Digi-?? Vyapar Yojana to give cash awards to consumers and merchants who utilize digital payment instruments for personal consumption expenditures.
The schemes specially focus on bringing the poor, lower middle class and small businesses into the digital payment fold.
It has been decided that National Payment Corporation of India (NPCI) shall be the implementing agency for this scheme.
NPCI is a not for profit company which is charged with a responsibility of guiding India towards being a cashless society.
