Prime Minister Modi Introduces e-RUPI: What Is e-RUPI And What Are Its Advantages?


Prime Minister Narendra Modi took to Twitter to introduce a brand new digital cost platform known as e-RUPI. The PMO believes e-RUPI can be a revolutionary in guaranteeing folks the welfare schemes. The brand new digital cost platform is believed to be a leak-proof methodology of delivering governmental welfare schemes.

What Is e-RUPI And What Are Its Benefits?

PM Modi To Launch e-RUPI At the moment

The e-RUPI platform can be introduced through video convention at 4:30 PM at present, August 2. “At 4:30 PM tomorrow, 2nd August, will launch e-RUPI, a futuristic digital cost resolution that provides a number of advantages for its customers,” PM Modi had tweeted on Sunday.

What Is e-RUPI?

As talked about above, e-RUPI is a digital cost platform. It’s developed by the Nationwide Funds Company of India in collaboration with the Division of Monetary Providers, Ministry of Well being & Household Welfare, and Nationwide Well being Authority. The PMO says e-RUPI can be individual and purpose-specific on the subject of digital funds from authorities schemes.

In different phrases, e-RUPI is a cashless and contactless digital cost, very like the neo banking platforms we’ve got at present. Nonetheless, the primary objective of e-RUPI is to attach service sponsors (like authorities schemes and advantages) immediately and digitally with the beneficiaries. The brand new e-RUPI platform additional goals to make ‘ease of dwelling’ through digital expertise.

Advantages Of e-RUPI

Prime Minister Modi has additional defined the assorted advantages of e-RUPI. Listed here are the advantages defined by PM Modi:

  • e-RUPI is a cashless and contactless digital cost.
  • Connects service sponsors and beneficiaries digitally.
  • Ensures leak-proof supply of varied welfare providers.
  • It’s a QR code or SMS string-based e-voucher, which is delivered to the cellular of the beneficiaries.

The brand new e-RUPI customers will be capable to redeem the voucher with no card, digital funds app, or web banking entry, on the service supplier. Plus, it additionally ensures that the cost to the service supplier is made solely after the transaction is accomplished. E-RUPI additionally assures well timed cost to the service supplier with out the involvement of any middleman because it’s pre-paid.

The e-RUPI platform can be used for providers below schemes like offering medicines and dietary help below maternal and little one welfare schemes, TB eradication packages, medicines and diagnostics below schemes like Ayushman Bharat Pradhan Mantri Jan Arogya Yojana, fertilizer subsidy, and so forth.

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Story first revealed: Monday, August 2, 2021, 10:29 [IST]

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