Modi is expected to inaugurate the e-Rupi programme today. Here’s how it works, the benefits, and everything you need to know

PM Modi

The digital payments system e-Rupi will be launched today by the prime minister of India, Narendra Modi. A video-conferencing system will be used to conduct the launch. The PMO says that the Prime Minister has been strongly in favour of digital initiatives, such e-Rupi, and that position has not changed.

In partnership with the Department of Financial Services, Ministry of Health & Family Welfare, and the National Health Authority, the National Payments Corporation of India has created e-Rupi on the UPI platform.

In order to ensure that the intended beneficiaries are able to access the benefits in a targeted and leak-proof way, the PMO announced numerous initiatives.

E-RUPI? What is it?

The E-Rupi is a digital currency and contactless payment instrument that utilises Internet and mobile technologies. e-voucher technology is either QR code-based or SMS string-based. When generated, this voucher will be delivered to the cellphone of the beneficiaries. You may use this voucher without using a card, digital payments app or the internet.

This seamless payment method connects sponsors and beneficiaries while simultaneously distributing resources. It also ensures that the service provider is only paid when the transaction has been completed.

E-RUPI benefits

In that regard, it’s analogous to a prepaid service, in which the user provides money directly to the service provider, without the use of a middleman.

Additionally, it can be used for providing services in schemes designed to supply medicines and nutritional support, as well as for TB eradication campaigns, diagnostics, and fertilisers under Mother and Child Welfare Programs, Ayushman Bharat Pradhan Mantri Jan Arogya Yojana, and similar other programmes.

According to the statement, private companies can use these digital vouchers as part of their employee welfare and corporate social responsibility programmes.

Share on facebook
Share on google
Share on twitter
Share on linkedin
Share on pinterest

7 thoughts on “Modi is expected to inaugurate the e-Rupi programme today. Here’s how it works, the benefits, and everything you need to know”

  1. Just want to say your article is as astonishing.
    The clarity in your post is just spectacular and
    i could assume you are an expert on this subject. Well with your permission let me
    to grab your RSS feed to keep up to date with forthcoming post.
    Thanks a million and please carry on the enjoyable work.

  2. Pretty section of content. I just stumbled upon your web site and in accession capital to assert that I acquire actually enjoyed account your
    blog posts. Anyway I will be subscribing to your
    feeds and even I achievement you access consistently fast.

  3. Excellent blog here! Also your website loads up fast!
    What web host are you using? Can I get your affiliate link to your host?
    I wish my website loaded up as fast as yours lol

  4. Excellent post. I was checking continuously this blog and I’m impressed!
    Extremely useful info particularly the last part 🙂 I care for such info a lot.
    I was looking for this certain information for a very long time.
    Thank you and best of luck.

  5. Good day! I could have sworn I’ve been to your blog before but after
    looking at many of the posts I realized it’s new to me.
    Nonetheless, I’m certainly delighted I discovered it and I’ll be book-marking it and checking
    back often!

Leave a Comment

Your email address will not be published. Required fields are marked *