PM Modi Launches e-RUPI: What is it? How Does it Work? All FAQs Answered
3 years, 4 months ago

PM Modi Launches e-RUPI: What is it? How Does it Work? All FAQs Answered

News 18  

Prime Minister Narendra Modi on Monday launched a new digital payment mode — e-RUPI, which aims to ensure that government’s monetary benefits directly reach citizens. Developed by the National Payments Corporation of India in collaboration with the Department of Financial Services, the Union Health Ministry and the National Health Authority, e-RUPI “is a cashless and contactless instrument for digital payment”, the Prime Minister’s Office said. With the Union Health Ministry and NHA as aprtners, it will also be utilised to extend drugs and diagnostics under schemes like Ayushman Bharat Pradhan Mantri Jan Arogya Yojana — the national health insurance scheme for lower income groups — fertiliser subsidies, etc. While the DBT scheme relies on the troika of Jan Dhan accounts, Aadhaar numbers — although Aadhaar is not mandatory — and mobile phones, the e-RUPI system will not require users’ bank account details.

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