Two new schemes to encourage cashless transactions: PM

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To promote digital payments post demonetisation, the government will give daily, weekly and mega cash awards totalling Rs 340 crore for consumers as well as merchants beginning the Christmas Day. Kant said the first draw will happen on December 25 and the mega draw on April 14, the birth anniversary of B R Ambedkar.

National Payment Corporation of India (NPCI) will announce 15,000 winners of Rs 1,000 each for next 100 days, starting December 25. There will be 7,000 weekly awards each for consumers and merchants. “Focus of Lucky Grahak and Digi-Dhan Yojana is on poor, middle class and small businesses so as to bring them into digital payments revolution,” said the Niti Aayog CEO.

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