NEW DELHI: The National Institute for Transforming India(NITI) Aayog, the government's policy think-tank, on Thursday announced a lottery with daily, weekly and mega awards for consumers and merchants, to encourage a transition to digital payments.
The awards will be offered through two schemes - the Lucky Grahak Yojna for consumers, and the Digi-dhan Vyapar Yojna for merchants at an estimated cost of Rs 340 crore,
Both the schemes will cover small transactions between Rs 50 and Rs 3,000 to encourage every section of the society to move to digital payments, Kant explained.
Terming it a 'Christmas Gift' to the country, NITI Aayog said the first draw will happen on December 25 and the mega-draw on April 14, the birth anniversary of B R Ambedkar.
Under the Lucky Grahak Yojna, 15,000 winners will get cashback prizes of Rs 1000 each every day starting on December 25 (Christmas) and ending on April 14 next year (Babasaheb Ambedkar Jayanthi).
In addition, there will be weekly awards worth Rs 1 lakh, Rs 10,000 and Rs 5,000 for 7000 people.
Under the Digi Dhan Vyapar Yojna, 7000 winning merchants will receive weekly prizes worth Rs 50,000, Rs 5,000 and Rs 2,500.
In addition, mega-awards will be announced on April 14 for both consumers and merchants.
For consumers, the first prize is Rs 1 crore, the second prize is Rs 50 lakh, and the third is Rs 25 lakh. For merchants, the prizes are Rs 50 lakh, Rs 25 lakh, and Rs 5 lakh, respectively.(Inputs from TNN)
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