On Transaction Of Rs 1,590, A CBI Customer Wins Rs 1 Crore Lottery. Felicitation Programme To Be Held In Nagpur

President Pranab Mukherjee congratulated the six winners of Lucky Grahak Yojana and Digi Dhan Vyapar Yojana.

India, lottery, cash, Pranab Mukherjee, Narendra Modi, Demonetisation, Lucky Grahak Yojana, Digi Dhan Vyapar Yojana, Digital Payments

A Central Bank of India customer, under the government's promotional scheme, bagged a lottery worth Rs 1 crore on a transaction of just Rs 1590.

According to The Economic Times, President Pranab Mukherjee picked up the lucky winners from a 100th draw of lots under the digital payments promotion schemes in New Delhi at Rashtrapati Bhavan. He congratulated the six winners, three consumers and three merchants, of lucky Grahak Yojana and Digi Dhan Vyapar Yojana.

In the consumer section, the first mega prize of Rs 1 crore went to a customer of Central Bank of India, while the second prize of Rs 50 lakh and the third of Rs 25 lakh went to a customer of Bank of Baroda and Punjab National Bank, respectively. All the three customers from different banks had done transactions using their RuPay debit cards.

Source: deepawali

Initially, the names of the three winners were not known as the draw only displayed their transaction numbers. However, these transaction numbers were matched with card details in order to identify the lucky winners. 

Three merchants also won prizes of Rs 50 lakh, Rs 25 lakh and Rs 12 lakh, according to their ranks.

The six winners will be felicitated by Prime Minister Narendra Modi in Nagpur on 14th April on the occasion of Dr Babasaheb Ambedkar Jayanti.

The government has undertaken numerous measures in order to promote digital payments throughout the country after the demonetisation of old Rs 500/1000 notes. The government launched the Lucky Grahak Yojana for consumers and Digi Dhan Vyapar Yojana for merchants on December 25, 2016 to promote digital transactions. These schemes are being implemented by the National Payment Corporation of India (NPCI).

Source: narendramodi.in

During his address, President Mukherjee asked the citizens to enhance their support to the mission of a less-cash India. “India has a long way to go to become a cashless society. The initiatives of the government are a good beginning and we need to sustain and nurture these with active participation from all segments of the society. It is necessary to reduce cash in circulation and impart greater urgency to promoting secure digital payment methods to ensure greater transparency,” he said, reports The Economic Times.

As of now, India remains primarily a cash-based economy with more than 90 percent of the personal consumption and 86 percent of all transactions being in cash.

Complementing government’s initiatives for promoting digital payments schemes, Mukherjee added, “all efforts of the government will achieve their end only if people were to adopt them proactively.”

He also noted that more than one billion Indian citizens have a unique identity number with a biometric identifier which is noteworthy in its own way. “Even countries which are technologically far more advanced than India with comparatively much smaller size population do not have such a system in place,” he further added.

As part of the promotional schemes, digiDhan melas were held in 100 cities over 100 days and 15,000 consumers qualified everyday for total prize money of Rs.1.5 crore. Additionally, 14,000 weekly winners, both consumers and merchants, have received a total prize money of over Rs 8.3 crore every week.

Information source: Economictimes

Title image: cfo-india

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