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Go Cashless And Get A Chance To Win 1 Crore

    IndianMoney.com Research Team | Friday, December 16,2016, 03:42 PM
 

The aim of the Government….Each and every citizen of our country, must go cashless. The National Institute For Transforming India, popularly known as the NITI Aayog, is the think-tank on Government policy. The main aim of the NITI Aayog…Promote digital transactions in India. Yes…NITI Aayog is doing all it can, to make citizens adopt cashless ways of payment. The NITI Aayog wants the citizens of India to get rid of the urge for cash….

More than 95% of transactions in India, are in cash. This was before demonetization. NITI Aayog aims to change this. The Government scrapped 500 and 1000 rupee notes on November 8th 2016. In a bold move, the Government scrapped these high denomination notes. You and other citizens have no choice, but to adopt cashless methods of payments. NITI Aayog is promoting cashless methods of payment and is doing its bit, to help citizens easily make the transition from cash to cashless. What’s NITI Aayog doing to help you and other citizens go cashless? Let’s find out.

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NITI Aayog announces a lottery to promote cashless payments

The NITI Aayog has announced a lottery. This lottery gives mega awards to you and other consumers. There are also awards for merchants, to encourage digital payments.

The name of the awards for you and other consumers….Lucky Grahak Yojna. There is also the Digi-Dhan Vyapar Yojna for merchants. The cost of these schemes…..The Government will spend about 340 crores.

The Government wants each and every citizen of our country, to adopt cashless ways of payments. The NITI Aayog says….The Lucky Grahak Yojna and the Digi-Dhan Vyapar Yojna will cover even small transactions between INR 50 and INR 3000. This gives almost all citizens the chance to enjoy, the benefits of digital payments.

What is the Lucky Grahak Yojna?

In the Lucky Grahak Yojna, 15,000 winners will get cashback prizes. These cashback prizes will be of INR 1,000 each. You and other consumers can win awards of INR 1 Crore, INR 50 Lakhs and INR 25 Lakhs.

The NITI Aayog calls this a Christmas gift to the country. The first draw will happen on December 25th 2016. The mega draw will take place on April 14th 2017, which is Dr Ambedkar’s birthday.

How do merchants benefit from Digi-Dhan Vyapar Yojana?

You are a merchant. If digital transactions are made at your establishments (you receive payments through digital modes), you are eligible for the Digi-Dhan Vyapar Yojana. The great news…Customers make payments at your establishment, using the digital route. Under the Digi-Dhan Vyapar Yojana all your digital transactions between 8th November 2016 to 13th April 2017 are considered. Consumers and merchants are also eligible for weekly awards under these schemes.

The Mega draw will be announced on April 14th 2017. You and several merchants are eligible for mega prizes worth INR 50 Lakhs, INR 25 Lakhs and INR 5 Lakhs.

Why Lucky Grahak Yojna and Digi-Dhan Vyapar Yojana?

The aim of the Lucky Grahak Yojna and Digi-Dhan Vyapar Yojna, is to help the poor and middle class, adopt digital ways of payment. The Government wants each and every citizen, to enjoy the benefits of going cashless.

You are eligible for the lottery under these schemes, if you make payments using UPI, USSD, Aadhaar Enabled Payment System (AEPS) and even RuPay cards.

Yes…The Government and the NITI Aayog are working together to make India cashless. Now it’s your turn to make use of digital ways to send/receive money. There’s also a lottery to persuade you to take the digital route and go cashless. Be Wise, Get Rich.

IndianMoney.com Research Team

The research team at IndianMoney.com comprises of certified and experienced professionals who share the company's vision to make every Indian financially literate by equipping every Indian with right and unbiased advice. IndianMoney.com research team provides newsletters, articles, videos and FAQs on various financial products and concepts only to help you make wise financial decisions.

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