PM Modi launches digital payments solution e-RUPI, says it is 'targeted, transparent, leak-free delivery'
e-RUPI is a cashless and contactless instrument for digital payment. It is a QR code or SMS string-based e-Voucher, which is delivered to the mobile of the beneficiaries.
Prime Minister Narendra Modi launched e-RUPI, a person and purpose-specific digital payment solution via video conferencing on Monday.
The platform, developed by the National Payments Corporation of India in collaboration with the Department of Financial Services, Ministry of Health and Family Welfare and National Health Authority, claims to be a person and purpose-specific digital payment solution.
The users of this new one-time payment mechanism will be able to redeem the voucher without a card, digital payments app or internet banking access, at the service provider.
"e-RUPI voucher will play a role in boosting digital transactions and DBT in the country. This will help everyone in targeted, transparent, and leakage-free delivery", PM Modi said.
"e-RUPI is an example of how India is moving forward and connecting people in the 21st century with the help of advanced technology. I'm glad that it has started in the year when India is celebrating its 75th year of Independence," the Prime Minister added.
"Today we are looking at technology as a tool to help the poor, a tool for their progress," said Modi.
"Earlier in our country some people used to say that technology is only for the rich, India is a poor country, so what is the use of technology for India? When our government used to talk about making technology a mission, many politicians, certain types of experts used to question it," added Modi.
He also said that not only govt but if a non-govt organisation wants to support anyone in their education or medical treatment, then they can use e-RUPI instead of giving cash. "This will assure that the amount donated is being used only for the said work."
The PMO in a recent statement said that e-RUPI can be used for delivering services under schemes meant for providing drugs and nutritional support under Mother and Child welfare schemes, TB eradication programmes, drugs and diagnostics under schemes like Ayushman Bharat Pradhan Mantri Jan Arogya Yojana, fertilizer subsidies etc.
It added that even the private sector can leverage these digital vouchers as part of their employee welfare and corporate social responsibility programs.
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