India

Over 1.73 Lakh Panchayats Now Using UPI for Digital Payments: Union Minister

The unified payments interface (UPI) technology is rapidly expanding across India. Over 1.73 lakh panchayats are now UPI-enabled, allowing them to collect digital payments.

Union Minister of State for Panchayati Raj, Professor S.P. Singh Baghel, highlighted the benefits of this development. Rural citizens can now make both tax and non-tax payments digitally. This shift strengthens the financial capabilities and governance of Panchayati Raj Institutions (PRIs).

Through UPI, people can pay for services such as property tax, water tax, streetlight tax, trade license fees, building permission fees, and layout approval fees. The UPI platform also offers an easy way to link Prime Minister Jan Dhan Yojana (PMJDY) accounts with UPI IDs. This integration facilitates seamless transactions and enhances financial inclusion.

Also Read: OpenAI Set To Rule Search Engine World With SearchGPT

Citizens can access their PMJDY accounts, perform transactions, and benefit from features like RuPay Insurance coverage. Baghel emphasized that this streamlined approach promotes financial services and insurance benefits among the rural population. It fosters greater financial empowerment and security.

Digital banking and mobile phones have significantly impacted poverty reduction in India. Dennis Francis, President of the 78th Session of the United Nations General Assembly (UNGA), noted that 800 million people have been lifted out of poverty due to these advancements. Rural farmers, who previously had no banking relationships, are now conducting all their transactions via smartphones.

UPI has seen unprecedented growth in the past decade and has become the preferred payment method in India. Baghel also mentioned that the Ministry of Panchayati Raj supports state efforts through Central Finance Commission Grants and the Revamped Rashtriya Gram Swaraj Abhiyan (RGSA).

The RGSA scheme provides financial and technical support for training and capacity building of PRIs’ elected representatives and functionaries.

Shibra Arshad

Recent Posts

Police Arrest Two In Fake Marriage Certificate Racket In Name Of Arya Samaj

DCP Nagar Abhishek Bharti revealed that five couples, including Shivani and Shrikant Yadav, recently filed…

32 mins ago

India And Nigeria Strengthen Counter-Terrorism Cooperation In Second Strategic Dialogue

Doval and Ribadu held detailed talks on challenges linked to terrorism and radicalization, including those…

1 hour ago

Ola Electric’s Share Hits All-Time Low Of Rs 74 Ahead Of Q2 Results

Analysts predict that the stock could drop closer to the Rs 70 mark. Ola Electric…

2 hours ago

US Election: Voting Begins With First Ballots Cast In New Hampshire

This election is one of the most divisive in US history. Harris and Trump have…

2 hours ago

Waqf Bill: Opposition MPs Meet LS Speaker, Lodge Protest Against JPC Chairman Jagdambika Pal

Opposition members alleged that Pal calls JPC meetings without consulting them and restricts their opportunity…

2 hours ago

Delhi HC Rejects Khalid Saifi’s Plea To End Attempted Murder Case In 2020 Riots

The Delhi Police opposed Saifi’s bail, citing evidence from WhatsApp messages exchanged among the accused.…

3 hours ago