NITI Aayog has requested National Payment Corporation of India, NPCI to launch a new scheme to incentivise digital payments to ensure that electronic payments are adopted by all sections of society. <br/><br/>A weekly lucky draw and a quarterly draw for grand prizes are two levels of incentives available under the scheme. <br/><br/>All those who have used digital payment systems after November 8th, when the demonetisation of 500 and 1000 rupee notes was announced, shall be eligible to participate in the scheme. <br/><br/>All modes of digital payments- USSD, AEPS, UPI and RuPay Cards- will be eligible. For merchants, transactions made on the Point of Sale, POS machines installed at their locations would be considered. <br/><br/>While designing the scheme, the focus will be on poor, lower middle class and small businesses. <br/><br/>The scheme would also provide for recognition of state governments, districts and urban and rural local bodies who innovate for promoting electronic payment in their respective jurisdictions.<br/>

NITI Aayog has requested National Payment Corporation of India, NPCI to conceptualise and launch a new scheme to incentivize digital payments to ensure that electronic payments are adopted by all sections of society. <br/><br/>An official release said the highlight of the proposed incentives scheme are two awards for digital transactions. There are two levels of incentive amounts available under the scheme – a weekly lucky draw and quarterly draw for grand prizes. <br/><br/>All those who have used digital payment systems after November 8th shall be eligible to participate in the scheme. All consumers and merchants using digital payments shall be eligible. All modes of digital payments- USSD, AEPS, UPI and RuPay Cards- will be eligible. For merchants, transactions made on the POS machines installed at their locations would be considered. <br/><br/>While designing the scheme, the focus will be on poor, lower middle class and small businesses. The scheme would also provide for recognition of state governments, their undertakings, districts and urban and rural local bodies who innovate for promoting electronic payment in their respective jurisdictions.<br/><br/>