Since the time PM has planned of digital India, he has been taking various steps to complete his commitment. His new step is to launch BHIM-Aadhaar app on April 14, to push and grow digital payment in the country. For this a Lucky Grahak Yojana will be introduced.
The prime minister will also compliment lucky winners of 1 crore, 50 lakh, 25 lakh awards for embracing digital payments under Lucky Grahak Yojana.
All about BHIM
It is developed by National Payments Corporation of India (NPCI); the Aadhaar-linked Bharat Interface for Money (BHIM) mobile app is based on the Unified Payment Interface (UPI) and will be launched on the occasion 126th birth anniversary of Dr. Bhimrao Ambedkar on April 14.
In December 2016, Modi launched the BHIM app for electronic payments by consumers. In March, Modi government launched Aadhaar Pay. Now, the combination of both will make the change.
The BHIM-Aadhaar app will be used for making digital payments. This will allow every Indian citizen to pay digitally using their biometric data that is linked to their Aadhar like their thumb imprint. Vendor or the Merchants will have a device to scan the biometric data of the consumer to proceed with the payment. BHIM Aadhar can be used by any person without having smartphones, internet, debit or credit cards. Already, 27 major banks are now linked with three lakh merchants to facilitate payments using the BHIM Aadhaar app.
Further, the Prime Minister will also launch two new incentive schemes for the BHIM that would be – Cashback and Referral bonus schemes to promote its use. The PM will also compliment the winners from the mega draw of the two major incentive schemes Lucky Grahak Yojana and Digi Dhan Vyapaar Yojana.
BHIM App has already created a record by registering 1.9 crore downloads in just four months since its launch in December, 2016. From the time it has been introduced there is a growth of digital payment by 23 times as compared to the record of November 2016.