Will E-Rupi End The Digital Gap?

 In India, there is a huge digital break, and this passage gives rise to many problems. To deal with this issue, on 2 August 2021, Prime Minister Narendra Modi launched E-Rupi. The joint effort of the National Payment Corporation Of India, Department of Financial Services, Ministry Of Health and Family Welfare, and National Health Authority have made the dream possible. The purpose of this platform is to ensure cashless transactions to the account of the beneficiary. It helps in curing the problems of a digitally challenged person, says Moksh Popli.

 

The next question is this E-Rupi going to work? Wherewith it is going to end the digital gap, or will it? How the platform benefits the population? E-Rupi works as an SMS-based voucher system or QR code-based system. The citizen or beneficiary will have to show the e-voucher or the QR code to the concerned authority, and it solves the problem. With a verification message on the taker's number, the payment will get confirmed. Many banks are board partners in this initiative, says Moksh Popli.

 

One needs to know is that these vouchers are specific, and they can be individual-specific or purpose-specific. If the voucher is for ration, then the beneficiary can only redeem it for the same. There are some advantages, and this may end the digital gap among the Indian community. One of the main advantages is that the concerned person does not require any card or digital payment app or internet banking, and it will resolve the problem. 

 

The main objective to launch E-Rupi is to ensure that the welfare services are reaching the citizens in every corner. Ordinary people don't have to suffer anymore. Unquestionably, we are cognizant of the fact that not everyone is as informed of the digital world. Still, a huge ration of the population is ignorant of Internet access. E-Rupi is SMS based voucher generating system, and it does not ask for Internet or any digital banking. This will turn into a remedy for many people, says Moksh Popli.

 

There are nearly 190 million citizens without bank accounts, or at times, they did not know about the welfare schemes. This step will involve every citizen of India financially, and they will be able to earn profit from the social projects. E-Rupi, can contribute to advancing the GDP and unlock new gateways of possibility.

 

However, there is one loophole in the entire process. E-Rupi doesn't require the beneficiary to disclose their identity, and hence, it's confidential. It can result in that anyone can claim the benefits if no one cross-checks the details. Hopefully, the government will take care of it, and this transaction system reaches heights and prove a magnificent asset for India, says Moksh Popli.

Comments

Post a Comment

Popular posts from this blog

What are the leadership skills and its impact on organizational performance?

  The objective of any organisation isn’t just to endure, yet in addition to support its reality by further developing execution. To address the issues of the profoundly competitive business sectors, associations should constantly expand their performance. The role of leadership is basically significant for accomplishing the exhibition of organisations. Moksh Popli , an entrepreneur and business consultant based in NewYork collected some personal observation on impact of leadership skills on an organisation. With over a decade of experience in different industries, Moksh Popli highlighted some facts of leadership in this blog. A leader performs different roles in order to achieve worthless goals and works on how to identify such goals,   and also to motivate and direct employees of the organization to attain specific goals. There are various qualities that a leader must possess in order to uplift the organization. Some of the skills and qualities are as follows: 1. ...
Read more

How did the rapid technological developments revolutionize marketing?

A change of marketing is in progress as we invest more energy on our mobiles, tablets and workstations. The test for brands is to associate with clients through this load of gadgets continuously and make campaigns that work across web-based media, show publicizing and internet business. Moksh Popli being the well known entrepreneur says that marketing is an immeasurably significant piece of business. Declare your item, design your image, and exhibit how your clarification help buyer is the way income and business develop. The continuous discussions brands have with individuals as they associate with sites and portable applications has changed the idea of marketing. The current advertising division needs to consolidate the imaginative side of the discipline and should use amazing stories to take advantage of individuals' desires and goals with the specialized side of information, web designing and investigation. With the present changes in data-driven marketing and technolog...
Read more

An Opportunity for India Post COVID-19 Pandemic

The world has slowly started adapting to the new reality post-COVID-19.  The new normal as people has deemed it. The world at large and in India, we are still struggling to keep the economy open and keep the daily infections to a minimum level. According to Worldometer, there are at present 16,897,208 cases of which 10,461,318 have recovered and over 600,523 have lost their lives. In this bleak time, health-wise for any country, there is some opportunity in disguise for India in terms of economy and institutional change speaks MokshPopli. China came to a standstill from December 2019 to April 2020. This halt brought devastating results all over the globe. In today's time, the world is relying on China as an economic manufacturing hub. But the spread of virus delayed everything. Countries like Japan and the USA are looking for alternative countries where manufacturing can be shifted. Japan has already announced incentives for companies to move out of China. Moksh Popli believ...
Read more