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Taking The Digital Route! Karnataka Becomes First State To Give Scholarships Via E-Rupi
Writer: Ratika Rana
Her primary objective is to inform, promote, educate and cultivate readers through writing.
India, 29 Dec 2021 8:34 AM GMT
Editor : Snehadri Sarkar |
While he is a massive sports fanatic, his interest also lies in mainstream news and nitpicking trending and less talked about everyday issues.
Creatives : Ratika Rana
Her primary objective is to inform, promote, educate and cultivate readers through writing.
The use of E-Rupi would ensure a leak-proof delivery of education fees by paying digitally to college or school. The government would get e-vouchers delivered to the mobiles of eligible students.
Karnataka became the first state to adopt e-Rupi disbursement for scholarships to eligible students. The use of E-Rupi would ensure a leak-proof delivery of education fees by paying digitally to college or school. The government would get e-vouchers delivered to the mobiles of eligible students. The beneficiaries can receive the voucher code in their feature phones, which they could redeem at the identified college or institution during fees payment. The stakeholders for the implementation of e-Rupi are the National Payments Corporation of India (NPCI), the State Bank of India and the state department for e-governance.
Potent Tool For Governments
Rajiv Chawla, the Additional Chief Secretary of the Department of Personnel & Administrative Reforms (DPAR) (e-governance), Karnataka Government, said, "e-RUPI is indeed a potent tool for governments to use as it allows direct transfer of the benefits to the targeted beneficiary, with security and safety. The instrument ensures that the beneficiary gets the benefit as per the scheme's guidelines". He further added each transaction would be mapped with the beneficiary and the institution ensuring that the e-Voucher can be redeemed by the college where the student has enrolled themselves, the official press release mentioned.
Launched Initially For Cashless Payment Solution
Prime Minister Narendra Modi launched e-Rupi as a digital solution to allow cashless payment solutions for COVID-19 vaccination. The digital payment solution was developed with DFS (Department of Financial Services) and NHA (National Health Authority). It is powered by the National Payments Corporation of India (NPCI).
E-Rupi transactions are easy and safe as the details of the beneficiaries are confidential, and the entire process through the voucher is relatively faster and reliable because the required amount is already stored in the voucher. The end-to-end digital transaction does not mandate any physical issuance, which leads to cost reduction.
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