Digi Dhan Vyapar Yojana
What is NITI Ayog?
- NITI Ayog stands for the “National Institution for Transforming India”. It was founded by Narendra Modi on 1 January 2015. NITI Ayog replaced the Planning Commission.
- Planning Commission was an institution which helped to formulate the India’s Five Year Plans, but it was dissolved by our Prime Minister Shri Narendra Modi in 2015.
- Digi Dhan Vyapar Yojana was launched with the objectives to make India Cashless and Digital as well.
Need Of Digi Dhan Vyapar Yojana
- Belongs to merchants
- To increase transparency in the business transactions
- To eradicate corruption
- To remove the influence of cash on economic and political system
- To convince merchants to shift to digital transactions
- To promote the use of UPI, USSD, Ru Pay cards and Aadhar Enabled Payment System (AEPS)
Rewards Under this Scheme
- Prizes for Merchants for all digital transactions conducted at Merchant establishments
- Weekly prizes worth Rs. 50,000, Rs 5,000 and Rs. 2,500
- Mega Draw on 14th of April – Ambedkar Jayanti
- 3 Mega Prizes for consumers
Rs. 1 crore
Rs. 50 lakh,
Rs. 25 lakh
- for digital transactions between 8th November 2016 to 13th April 2017 to be announced on 14th April 2017
- 3 Mega Prizes for merchants
Rs 50 lakhs,
Rs. 25 lakh,
Rs. 12 lakh
- for digital transactions between 8th November 2016 to 13th April 2017 to be announced on 14th April 2017
Selection Criteria
- Incentives shall be restricted to transactions within the range of Rs 50 and Rs 3000 (common people)
- All transactions between consumers and merchants; consumers and government agencies will be considered for the incentive scheme
- AEPS transactions will be considered for the incentive scheme
- The winners will be selected through a random draw of the eligible Transaction IDs
