Lucky Grahak Yojana: Win big money with PM Modi's gift for going digital

PM introduced Lucky Grahak Yojana and Digi Dhan Vyapaar Yojana for encouraging digital transactions among both customers and traders. 15,000 users will win ₹1000 everyday for next 100 days. Digital transaction users also stand a chance to win lakhs and crores.

In his quest to bring rapid digital economy in India, PM Narendra Modi seemed to leave no stone unturned. In his most recent move, PM Modi, on the last Mann Ki Baat of 2016 announced two new schemes, Lucky Grahak Yojana and Digi Dhan Vyapaar Yojana for encouraging digital transactions among both customers and traders.

By calling it a Christmas gift, the Prime Minister announced that 15,000 users of the various digital mode of transactions will be rewarded under the Lucky Grahak Yojana which is a draw system and the selected users will receive ₹1000 in their bank accounts. 

"Starting today, this scheme will continue for the next 100 days. Everyday 15,000 people are going to receive rewards of Rs. 1,000 each. In the next 100 days, lakhs of families are going to receive crores of rupees as a gift, but you will be entitled to this gift only if you make use of mobile banking, e-banking, RuPay card, UPI, USSD - such means and methods of digital payment," PM said.

Apart from this, there will also be a grand draw every week that make a lucky customer win lakhs of rupees and on April 14 on the occasion of Dr BR Ambedkar's birth anniversary there will be a mega bumper draw and the reward will be crores of rupee. 

However, it has to be noted that this scheme has been devised keeping in mind poor and lower middle-class people and therefore, only those will be eligible for the lucky draw who makes a purchase between ₹50 to ₹3000. Those who exceeds this limit will not be eligible for the reward. 

Though, the Modi government is pushing the digital transactions through every possible means, methods and strategies but at the same time, the cyber security is not given the kind of attention that it requires to make the transactions safer for the users. To sustain in a cashless economy digital transaction is a must, at the same time, to expect mass acceptance of digital transactions, cyber security and data protection need to be ensured.