Win prizes for making digital payments | Fusion - WeRIndia

Win prizes for making digital payments

Win prizes for making digital payments

Indian government wanted to turn the country cashless.

Even the citizens are moving towards digital payment modes due to insufficient cash in their hands.

In order to promote digital payments in the country, a new scheme Lucky Grahak Yojna was announced by the government.

Under this scheme, the payments made through RuRay cards, UPI, AEPS and USSD between ₹50 and ₹3,000 are eligible for prizes.

Another scheme Digi Dhan Vyaapari Yojna was also unveiled for merchants to encourage usage of digital modes for their business.

Different prizes are there for consumers and merchants under the two schemes. The schemes run for 100 days starting from Christmas on December 25, 2016 and ending on the birth anniversary of Dr Bhimrao Ambedkar on April 14, 2017.

Though digital transactions improved after demonetization, only 5 per cent of Indians use digital systems to make payments.

The main aim of the schemes is to promote digital payment among poor and middle class who want to start digital payments.

The merchants are also encouraged to use digital payment methods.

Commencing from December 25, 15,000 winners will be eligible for a daily prize of ₹1,000. ₹1 lakh worth weekly prize will be awarded to 7,000 consumers.

Another scheme Digi Dhan Vyaapari Yojna is meant for merchants.

Under this scheme, 7,000 merchants are awarded ₹50,0000 every week.

There will be mega awards under both the categories. These mega awards will be announced on the birth anniversary of Dr Bhimrao Ambedkar.

Under the mega award category consumers are awarded ₹1crore, ₹50 lakh and ₹25 lakh. Merchants will be awarded ₹50 lakh, ₹25 lakh and ₹5 lakh as well.

The total gifts given under this scheme are worth around ₹340 crore. All prizes are given for using the above mentioned payment methods.

These are not applicable for private e-wallets and debit or credit card payments.

Transactions above ₹5000 and below ₹50 are not covered under these schemes. B2B transactions are also not covered under these.

Image credit: Photo by Markus Winkler on Unsplash (Free for commercial use)

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