After the government has announced its decision to demonetize 500 and 1000 rupee currency notes from the circulation,Almost every sections of the society are facing the cash crunch.As part of the Government steps to minimize the demonetization effect,the government has come up with two schemes to encourage digital transactions in the country.
The government has decided to provide incentives of 1000 rupees as a cash back under lucky draw scheme for the people who made digital transactions (i.e Rupay,Unified Payments Interface(UPI),USSD, and Aadhar enabled Payments system(AEPS)) after November 8.
Centre will launch Lucky Grahak Yojana as Christmas gift to the citizens of the country.Grand prize winners will get 1 crore,50 lakh and 25 lakh at the end of the programme's first phase,while there will be weekly prizes of Rupees 1 lakh,10000,and 5000.
Digi Dhan vyapari Yojana is an exclusive scheme for Merchants of the nation.Those who are using POS machines are eligible for this scheme as these machines record transactions and locations.Under DDVY,merchants will be able to win 50000 every week from December 25 to April 14.
NOTE:Transactions made through private banks,credit cards and e-wallets such as Paytm would not be eligible.