Scheme for Digital Economy, Indian Budget 2017-18

 

Indian  Budget 2017-18, Schemes for Digital Economy

 

Scheme for Digital Economy, Indian Budget 2017-18Indian budget highlights on schemes for Digital Economy is extracted below:

 

125 lakh people have adopted the BHIM app so far. The Government will launch two new schemes to promote the usage of BHIM; these are, Referral Bonus Scheme for individuals and a Cashback Scheme for merchants

Aadhar Pay, a merchant version of Aadhar Enabled Payment System, will be launched shortly

A Mission will be set up with a target of 2,500 crore digital transactions for 2017-18 through UPI, USSD, Aadhar Pay, IMPS and debit cards

A proposal to mandate all Government receipts through digital means, beyond a prescribed limit, is under consideration

Banks have targeted to introduce additional 10 lakh new POS terminals by March 2017. They will be encouraged to introduce 20 lakh Aadhar based POS by September 2017

Proposed to create a Payments Regulatory Board in the Reserve Bank of India by replacing the existing Board for Regulation and Supervision of Payment and Settlement Systems

 

 

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