Demonetisation Lottery-Gamble: For Opposition to save Corrupt Skin: For Modi-Govt to push Digital Payments

Demonetisation, Daily Lottery, Gamble, Opposition, Corrupt Skin, Modi-Govt, Digital, Cashless payments, NITI Aayog CEO, Amitabh Kant, NPCI , Christmas Gift, Ambedkar

The National Institute for Transforming India(NITI) Aayog, the government’s policy think-tank, on Thursday announced a lottery with daily, weekly and mega awards for consumers and merchants, to encourage a transition to digital payments so that cash use declines.
The Lottery awards will be offered through two schemes – the Lucky Grahak Yojna for consumers, and the Digi-dhan Vyapar Yojna for merchants at an estimated cost of Rs 340 crore, NITI Aayog CEO Amitabh Kant said.Both the schemes will cover small transactions between Rs 50 and Rs 3,000 to encourage every section of the society to move to digital payments, he explained.

Terming it a ‘Christmas Gift‘ to the country, CEO Amitabh Kantthe explained first draw will happen on December 25 and the mega-draw on April 14, the birth anniversary of B R Ambedkar.

Under the Lucky Grahak Yojna, 15,000 winners will get cashback prizes of Rs 1000 each every day starting on December 25 (Christmas) and ending on April 14 next year (Babasaheb Ambedkar Jayanthi).

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To promote cashless payments “(The) focus of Lucky Grahak and Digi-Dhan Yojana is on poor, middle class and small businesses so as to bring them into digital payments revolution,” he added.
The National Payment Corporation of India (NPCI) will implement the schemes.
Weekly and daily awards as we experienced in daily lotter ticket.Before three decades we saw these daily lotter ticket sellers at the local train platforms and the connected over-bridges in Mumbai.
In addition, there will be weekly awards worth Rs 1 lakh, Rs 10,000 and Rs 5,000 for 7000 people.
As per the Digi Dhan Vyapar Yojna, 7000 winning merchants will receive weekly prizes worth Rs 50,000, Rs 5,000 and Rs 2,500.
Mega awards
According to Amitabh besides the above, mega-awards will be announced on April 14 for both consumers and merchants.
For encouraging consumers, the first prize is Rs 1 crore, the second prize is Rs 50 lakh, and the third is Rs 25 lakh. For merchants, the prizes are Rs 50 lakh, Rs 25 lakh, and Rs 5 lakh, respectively.
There will be a random draw of digital transaction IDs to select awardees, NITI Aayog CEO Amitabh Kant explained.
All forms of transactions through UPI, USSD, Aadhar Enabled Payment System (AEPS) and RuPay cards will be eligible for lucky draws.
However, NITI Aayog also said the scheme isn’t applicable for transactions done through private credit cards and e-wallets of private companies.