PM launches voucher-based digital payment mechanism e-RUPI
Prime Minister Narendra Modi launched e-RUPI, a person and purpose-specific digital payment solution that is aimed at improving transparency and targeted delivery of benefits. To begin with, the e-RUPI facility is available for health services and will be expanded to other segments.
Expert View
The e-RUPI initiative is one of the most game-changing and revolutionary digital initiatives India has ever witnessed. This electronic voucher, which can be delivered to beneficiaries in the form of a QR code or through an SMS and the funds will be directly transferred to their bank accounts.
This path-breaking initiative actually breaks the point of contact between the government and beneficiaries and will ensure that benefits reach the intended beneficiaries in a targeted and leak-proof manner. Someone with a feature phone mobile can also be benefiting from e-RUPI. Now all Direct Benefit Transfers (DBT), central subsidies, welfare-oriented programs and other cash payments can reach the direct beneficiaries.
Y S Prabhu Kumar, CEO, PayG
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