Page 3 - ப்ர்யாட்ஹந் மந்திரி ஜான் ஆரோக்கிய யோஜனா News Today : Breaking News, Live Updates & Top Stories | Vimarsana
PM Modi launches e-RUPI digital payment solution: What is it? Is it like Bitcoin? and more questions answered
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PM Modi launches digital payment solution e-RUPI
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UP: Yogi Govt Launches Campaign To Provide Free Medical Aid To Underprivileged People
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Yogi Adityanath provides free medical aid to under-privileged in UP
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Synopsis
Marking six years of the Digital India initiative, PM Modi has aptly described this to be India’s techade. Technological advancement and the rapid penetration of internet have integrated over 1 billion citizens across India into a common financial, economic and digital ecosystem.
Around three decades back, I was working with Kerala’s fishermen. In an attempt to enhance their returns – they were getting a mere 20% of the market price of fish – we introduced new technology like fibreglass crafts and outboard motor and even launched beach-level auctions.
However the greatest challenge which persisted was to open bank accounts for fishermen in order to streamline payments. In those days, it would take us a minimum of ten months to chase physical banks and manage to register a single account holder. Know Your Customer was an alien concept. Cut to 2021, you can walk into a bank branch and open a bank account in moments with e-KYC and biometrics. Reducing waiting time fr