Prime Minister Narendra Modi will launch e-RUPI, an e-voucher-based digital payment solution, on August 2, Monday, via video conferencing.
The e-RUPI initiative will be one of the programmes launched over the years to limit touch points between the government and the beneficiary and "ensure that the benefits reach its intended beneficiaries in a targeted and leak-proof manner", the Prime Minister's Office said in a statement.
e-RUPI is a cashless and contactless instrument for digital payments. It acts as an e-voucher based on a QR code or SMS string, which is delivered to the mobile phones of the beneficiaries.
e-RUPI connects the sponsors of the services with the beneficiaries and service providers in a digital manner without any physical interface. It also ensures that the payment to the service provider is made only after the transaction is completed. Being prepaid in nature, it assures timely payment to the service provider without involvement of any intermediary.
The one-time payment mechanism of e-RUPI will allow users to redeem the voucher without a card, digital payments app or internet banking access, at the service provider.
The e-RUPI platform It has been developed by National Payments Corporation of India (NPCI) on its UPI platform, in collaboration with the Department of Financial Services, Ministry of Health and Family Welfare and National Health Authority.
"It is expected to be a revolutionary initiative in the direction of ensuring a leak-proof delivery of welfare services. It can also be used for delivering services under schemes meant for providing drugs and nutritional support under Mother and Child welfare schemes, TB eradication programmes, drugs and diagnostics under schemes like Ayushman Bharat Pradhan Mantri Jan Arogya Yojana, fertilizer subsidies, etc," PMO stated.
"Even the private sector can leverage these digital vouchers as part of their employee welfare and corporate social responsibility programmes," it added.
For example, the company can send an e-RUPI voucher to employees on the mobile phone as a message about the amount of vaccination. With this the amount in the voucher goes to the hospital
The Centre's assessment is that the provision of direct assistance from the Government and other vouchers will prevent leakage through intermediaries and there is no possibility of misappropriation of funds. The scheme is being implemented by the National Payments Corporation of India (NPCI).
How to use?
Government agencies or corporations can approach the banks involved in the scheme and issue a fixed amount voucher to certain beneficiaries. Beneficiaries will receive a voucher on QR (Quick Response Code or SMS) on their phone.
Show the string tail on the QR code or SMS at the point of payment. They will scan with the phone.
The person sitting at the counter should be told the 6-digit authentication code that arrives on the beneficiary's phone during the scan. With this
Voucher verification completed and payment made
Benefit
Beneficiary does not need any bank account, currency or online banking service Printed and card form voucher
One person's voucher cannot be used by another because authentication code is required.
Not transfer any personal information during the transaction
General doubts
Transfer of money between individuals can be done?
e-RUPI not a transaction between individuals. Vouchers prepared for a specific purpose in those institutions
How to do transact without a bank account?
The beneficiary needs a voucher issued by the government or corporations through the bank to make the transaction. No account or personal registration is required to display it over the counter. If you do not have a smartphone, it is in the form of SMS (string). Code. They will also have the facility to scan it.
How many times has a voucher been used?
The voucher can be used only once. Currently vouchers up to Rs 10,000 can be issued. It cannot be transferred to another person or used for other purposes.
Which banks provide the service?
SBI, Union Bank of India, Punjab National Bank, Bank of Baroda, Canara Bank, Axis Bank, HDFC Bank, ICICI Bank, IndusInd, Indian Bank, Kotak Bank,
