Two new schemes to encourage cashless transactions: PM

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“A Christmas gift to remember,” said Prime Minister Narendra Modi on Friday while referring to the two schemes — ‘Lucky Grahak Yojana’ and ‘Digi Dhan Vyapar Yojana’ — launched earlier in the day to encourage cashless transactions. “These 2 schemes will further incentivise digital payments,” he tweeted along with the advertisements of the new initiatives.

“Strategic push towards increased cashless transactions…. A big boost to move towards cashless and corruption free India. Two new schemes launched,” said the PMO in a number of tweets. Earlier, announcing ‘Lucky Grahak Yojana’ and ‘Digi Dhan Vyapar Yojana’, Niti Aayog CEO Amitabh Kant said both the schemes will cover small transactions between Rs 50 and Rs 3,000 to encourage every section of the society to move to digital payments.

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