Go Digital Get Benefits – Narendra Modi

       Published : Dec 09, 2016 12:14 IST    

Go Digital Get Benefits – Narendra Modi

Prime Minister Narendra Modi government comes with attractive schemes to urge people for cashless transactions in the country. It introduced various discounts and schemes to encourage people for digital payments and cashless transactions in various departments.

Government announces

No service tax on digital transaction charges/MDR up to Rs. 2000 per transaction.

10% discount for toll payment on National Highways using RFID card/Fast tags in 2016-2017.

Discount or credit up to 10% on insurance premium sold through the customer portals of public sector insurance companies on digital payments.

Online Train Ticket Reservation

Free accidental insurance policy for the people who books online train tickets.

Government says buy online train ticket and get free accidental insurance up to 10 lakh. It will benefit nearly 14 lakh railway passengers every day.

By this scheme it is expected another 20% passengers may shift to digital payments. Nearly 11 lakh passengers per day expected to be covered under the accidental insurance scheme.

Special incentives are given to digital payments. It gives discount of 0.5% for monthly or seasonal tickets from 1st Jan 2017 on suburban railway network. About 80 lakh passengers may get benefit by this scheme.

POS machines in villages and 'Rupay Kisan Cards' for farmers

2 POS devices will be deployed in each of 1 lakh villages with population of 10,000. Government through Nabard will extend financial support.

Rural regional Banks and Cooperative Banks is to issue 'Rupay Kisan Cards' to 4.32 crore Kisan Credit Card holders.

Benefit at petrol pumps

Discount of 0.75% on digital payments at Central government petroleum PSUs

Benefits for merchants and traders

Public sector banks advised to not charge more than Rs. 100 per month as rental for POS terminal/ Micro ATMs/mobile POS from merchants.

Nearly 6.5 lakh machines by public sector banks have been issued to merchants.

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Go Digital Get Benefits

Go Digital Get Benefits – Narendra Modi

 


Go Digital Get Benefits – Narendra Modi


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