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Govt. to hold lucky draws to boost digital transactions (Relevant for GS Prelims)

Luck draws to promote cashless payments
In a bid to promote cashless economy, the NITI Aayog proposed organising weekly lucky draws for all consumers and merchants using digital modes of payments with a focus on “poor, lower middle class and small businesses”.
The budget for this scheme, according to official sources, is likely to be about Rs. 125 crore. The NITI Aayog assured that all those who have used digital payment systems after November 8 will be eligible to participate in the scheme.



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