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Making your payments digitally? You may soon win Rs 1 crore in cash prize

NEW DELHI: In yet another move to incentivise consumers and merchants to go for digital payments, the government on Thursday launched two schemes that would give cash prizes to consumers and merchants who use digital modes of payments.

The two scheme, Lucky Grahak Yojana and the Digi-Dhan Vyapari Yojana, will be launched on December 25 and will be run by the National Payment Corporation of India for 100 days.

Announcing the scheme, NITI Aayog CEO Amitabh Kant said the two schemes will cost the government Rs 340 crore.

Under the lucky grahak yojana scheme, 15000 winners will be awarded daily for 100 days, starting from December 25, with Rs 1000 each. The scheme will also see a weekly draw for seven winners with a maximum award of Rs 100000.

Amitabh Kant said that 7000 weekly awards will be given to merchants under Digi Dhan Vyapari Yojna and maximum award will be of Rs 50,000 each.

Besides, there will be a Mega award on April 14, 2017 with cash prize of 1 crore, 50 lakh and 25 lakh for consumers for all transactions between November 8 and April 13. For merchants the prize money under the mega draw stands at Rs 50 lakh, Rs 25 lakh and Rs 5 lakh.

Digital transactions ranging from Rs 50 up to Rs 3000 will be eligible for the award and would cover all consumer to merchant, government to merchant and all Aadhaar enabled transactions.

Kant also said that all government departments are now moving towards digital payments.
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