#Digital Payment #Ewallet

Incentives to Promote Digital Payment

• 1 lakh Villages to be provided with 2 PoS machines
• Regional Rural Banks & Cooperative Banks to issue 4.32 crore “Rupay Kisan Cards”
• 10% discounts at fuel purchase, highway tolls, rail tickets and insurance premiums 
• No service tax on all digital transaction upto Rs. 2000
• PSBs advised to reduce PoS rentals to Rs. 100 per month
• Free accident insurance cover of up to Rs. 10 lakh for online rail tickets
• No transaction fees for payments made through digital means by Central Government Departments and PSUs