PM Modi launches e-RUPI for digital payment

Prime Minister Narendra Modi on Monday launched a “person and purpose-specific” one-time cashless and contactless digital payment vouchers ‘e-RUPI’ that aim to catalyse the direct transfer of subsidies to beneficiaries without any leakage.

Although the e-RUPI vouchers will initially be available for health services, they will gradually cover other welfare schemes of the government, and can also be used by the corporate sector.

“In addition to the government, if any organisation wants to help someone in their treatment, education or for any other work, then they will be able to give an e-RUPI voucher instead of cash. It will ensure that the money given by him, is used for the work for which the amount was given,” PM Modi said.