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Beneficiaries will get digital coupons in their CBDC wallets, which can then be used to redeem the entitled quantity of foodgrains at merchant outlets
Currently being piloted in Puducherry, the Centre plans to expand the initiative to three to four states and UTs, including Chandigarh and Dadra and Nagar Haveli, “soon”
The pilot is being implemented by the Puducherry government, the RBI, the Public Financial Management System (PFMS) and Canara Bank
The Centre…
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Beneficiaries will get digital coupons in their CBDC wallets, which can then be used to redeem the entitled quantity of foodgrains at merchant outlets
Currently being piloted in Puducherry, the Centre plans to expand the initiative to three to four states and UTs, including Chandigarh and Dadra and Nagar Haveli, “soon”
The pilot is being implemented by the Puducherry government, the RBI, the Public Financial Management System (PFMS) and Canara Bank
The Centre…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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