Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Digital payment promotion gets a boost More than 3.81 lakh consumers and 21,000 merchants win prizes worth ₹ 60.90 crore at Digi-Dhan Melas

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Digital payment promotion gets a boost More than 3.81 lakh consumers and 21,000 merchants win prizes worth ₹ 60.90 crore at Digi-Dhan Melas - News and Press Release Dated:- 19-1-2017 - News - The Government s efforts to give a boost to the digital payment systems and the cashless economy, post-demonetization have generated enthusiastic response from the people. People from different age groups, occupations and different walks of life have taken part in a big way in the Lucky Grahak Yojana and Digi-dhan Vyapar Yojana giving a fillip to digital transactions. More than 3.81 lakh consumers and 21,000 merchants have been declared the winners of prize money worth ₹ 60.90 crore at 24 Digi-Dhan Melas across the country. Giv .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ing the details, the Union Minister Law Justice, Electronics and Information Technology Shri Ravi Shankar Prasad said that the Common Service Centres under the Deptt. of Electronics and Information Technology have trained 1.94 crore citizens and 5.93 lakh merchants so far for carrying out transactions through digital payment systems. The prize money worth ₹ 60.90 crore to over 3.81 lakh winners of NITI Aayogs s lucky draw schemes Lucky Grahak Yojana, LGY for consumers and Digi-Dhan Vyapar Yojana, DVY for merchants has been declared at 24 Digi-Dhan Melas across the country daily as well as weekly. The lucky winners include 24 year old Ashutosh Mishra, a mobile shop owner in Rampur, Odisha, 24 year old Jadhav Amit Anil fro .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... m Ghatkopar, Mumbai, 27 year old Mangesh Anantrao Jadhav from Nasik, 42 year old Suman Sapra from Ulsoor, Bengaluru, Tripta Devi, a 54 year old housekeeper from Andhra Pradesh, among others. The list includes winners from different walks of life including the small farmers, Anganwadi workers, housewives, labourers, etc. Data analytics provided by the National Payments Corporation of India (NPCI) has highlighted a positive response among the people to adopt digital payments. Maharashtra, Andhra Pradesh, Tamil Nadu, Uttar Pradesh and Karnataka have emerged as the top 5 states with maximum number of winners. Active participation has been seen among men and women while most of the winners were in the age group of 21-30 years. The two s .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... chemes were launched on December 25, 2016 and shall remain open till April 14, 2017. The schemes are aimed at incentivizing the consumers and the merchants to promote digital payments. 15,000 daily winners vie for total prize money of ₹ 1.5 crore at the rate of ₹ 1000 per person. Besides, over 14,000 winners qualify for weekly draws with the total prize money of over ₹ 8.3 crore per week. Customers and merchants using RuPay Card, BHIM, UPI (Bharat Interface for Money/Unified Payment Interface) USSD based *99# service and Aadhaar enabled Payment Service (AePS) are eligible for participating in the daily and weekly lucky draws. These lucky draws are being held at Digi-Dhan Melas across the country. Over 100 Digi-Dh .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... an Melas will be held across the country to inculcate digital payment among the people. Till date, 24 Digi-Dhan Melas have been held across the country since 25 th December, 2016. These include New Delhi, Gurugram, Ludhiana, Panaji, Dehradun, Lucknow, Ranchi, Raipur, Mumbai, Meerut, Haldwani, Amritsar, Pune, Patna, Vijayawada, Chandigarh, Guwahati, Kochi, Bilaspur, Bokaro, Dadra Nagar Haveli, Bengaluru, Jammu and Hyderabad. The exercise has covered so far 12 states and 3 Union territories. By 1 st February, the exercise will have covered the cities from 21 States and 4 UTs. The upcoming Digi-Dhan Melas are scheduled to be held as per the following schedule:- Table List of cities for Lucky Grahak Scheme draws till February 1, 2017 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... . 1. 19 th January, 2017 Madhya Pradesh Bhopal 2. 20 th January, 2017 Arunachal Pradesh Itanagar 3. 21 st January, 2017 Odisha Bhubaneshwar 4. 22 nd January, 2017 Maharashtra Thane 5. 23 rd January, 2017 Chhattisgarh Bhilai 6. 24 th January, 2017 Madhya Pradesh Indore 7. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 25 th January, 2017 Karnataka Mangalore 8. 26 th January, 2017 Rajasthan Jaipur 9. 27 th January, 2017 Andaman Nicobar Island Port Blair 10. 28 th January, 2017 Tamil Nadu Chennai 11. 29 th January, 2017 Gujarat Ahmedabad 12. 30 th January, 2017 Madhya Pradesh Gwalior 13. 31 st J .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... anuary, 2017 Haryana Faridabad 14. 1 st Feb, 2017 Rajasthan Alwar Background: Lucky Grahak Yojana and Digi-Dhan Vyapar Yojana awards were launched in New Delhi on December 25, 2016 by Union Minister of Finance and Corporate Affairs, Arun Jaitley and Union Minister of Electronics Information Technology and Law Justice, Ravi Shankar Prasad to incentivize digital payments. The lucky draws have been planned at over 100 Digidhan Melas spread across the country in 100 different cities till April 14, 2017. The highlights of the Schemes are as follows- All transactions done by consumers and merchants from November .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 9, 2016 till April 14, 2017 will be eligible for winning prize under the scheme. All such transactions irrespective of the fact whether it has won daily / weekly prize, will be eligible for Mega Draw to be conducted on April 14, 2017. Three Mega prizes for consumers worth ₹ 1 crore, ₹ 50 lakh and ₹ 25 lakh. For merchants too, there would be three mega prizes worth ₹ 50 lakh, ₹ 25 lakh and ₹ 12 lakh. The draw of winners are presented at different centres on each day by the senior officials of NPCI in the presence of senior minister from GoI, representatives of NITI Aayog and general public. Schemes have total outlay of ₹ 340 crore of which - ₹ 300 crores would be spent on consume .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... rs and merchants while the remaining ₹ 40 crore on awareness and publicity. Total winners under the scheme are expected to be over 18.75 lakh. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates