District Magistrates to get incentive for persuading people to go 'cashless'

New Delhi: When the whole of India is going through a steep cash crunch, Central Government, on Sunday, has issued new notifications to boost the digital payment mode by providing incentives to district collectors for two successful electronic transactions by an individual.

NITI Ayog will provide district collectors Rs 10 as reward for every individual making two successful electronic payment in his jurisdiction.

Steps taken towards the promotion of cashless payments in India:

• To immediately kick start the drive, NITI Aayog will be transferring Rs 5 lakh for every district in the country.
• A letter in this regard was penned to district collector, commissioners and magistrates by NITI Aayog CEO Amitabh Kant
• Kant is also a member of the committee to promote digital payments in India.
• The district collector, commissioner or magistrates would have to ensure that an individual makes at least two successful transactions.
• The five modes of online transactions include - unified payment interface (UPI), Unstructured Supplementary Service Data (USSD), Aadhaar Enabled Payments, e-wallets and Rupay debit/credit/prepaid cards.

Similarly, the 50 Panchayats which go cashless will be awarded Digital Payment Award of Honour.