Digidhan Mission : New Policy & Features | Timeline Extended till March 2020

Published Date - 16 June 2018 03:51:16 Updated Date - 16 June 2018 03:52:46

The government has extended the timeline of operations of the Digidhan mission till 2019-20 fiscal with the primary objective of promoting digital payments as well as to increase the acceptance of digital payment infrastructure. In a recent notification, the ministry of electronics and IT (MeitY), the implementing agency for the programme, said, “The operations of Digidhan Mission is hereby extended till March 31, 2020.”

Besides, extending the mission’s timeline, the ministry will also work on “policy measures and interventions to design tax incentives to promote digital payments and necessary sealing on the cash

The proposal which was approved by the Union Cabinet chaired by Prime Minister Narendra Modi, will continue to strengthen the public health systems, particularly in high-priority districts that include aspirational districts. During the extended period, National Health Mission will seek to improve key health indicators such as Neo-natal Mortality Rate (NMR), Infant Mortality Rate (IMR), Under-Five Mortality Rate (U5MR), Maternal Mortality Rate (MMR) and Total Fertility Rate. Besides, the programme will strive to reduce incidence of communicable diseases, and improvement in coverage and utilisation of routine immunisation services and also those for non-communicable diseases.

 According to the statement, NHM will be the principle vehicle for the universal health coverage. With the approval of the extension of the NHM, there would be a shift from selective to comprehensive primary health care that includes care for common non-communicable diseases, geriatric health care, palliative care and rehabilitative care services etc. through strengthening of the SHCs/PHCs as Health and Wellness Centres. There would be a special focus on reducing OOPE with intensification of initiatives such as NHM free drugs and diagnostics services initiatives, Pradhan Mantri National Dialysis Programme etc.

To promote digital transactions, the government is providing incentives and cashbacks to merchants and consumers.

Last month, the National Payments Corporation of India (NPCI) activated a cashback scheme for consumers and merchants of the Bharat Interface for Money (BHIM) app.

Under the scheme, customers will get an initial cashback of Rs 51 on the firm successful completion of their transaction, as long as it is more than one rupee. Subsequently, they can get cashbacks of up to Rs 750 per month. Each unique transaction worth Rs 100 and above will yield a cashback of Rs 25, subject to a total monthly cap of Rs 500 in cashbacks.

Similarly, merchants will be entitled to a maximum cashback of Rs 1,000 per month. They will receive a cashback worth 10% of the value of each transaction, subject to a cap of Rs 50 per transaction. Also, they must record more than 10 credit transactions per month, each of which should be more than Rs 25, in order to be eligible for the cashback.

 New Policy & Features  of Digidhan Mission 2018-20

The new policy features including objectives, functions, structure, core members and other things are mentioned in the new notification released by MeitY. Here check all the amendments and most importantly, extension of timelines of operations of Digidhan Mission till March 2020:-

  • Objectives – From the objectives section, Paragraph, 2.1 is deleted. The DIGIDHAN Mission 2019-2020 now will have the following objectives:-
  • To promote the establishment, growth and sustenance of robust, secure and inclusive National
    Digital Payments ecosystem.
  • Focus on creating infrastructure for Govt’s Digital Payments Service Delivery, Electronic
    Payments and Receipts (EPR) and Direct Benefits Transfer (DBT) programme.
  • Setting up of adequate standards to ensure efficient, affordable and secure Digital Payments Services.
  • Maintaining security of Digital Payments Ecosystem.
  • Promotion of Research and Innovation to include the development of new digital payment products, platforms, services and sustainable delivery models.
  • Digidhan Mission Functions – The new decision also includes the 2 new features (2.20 & 2.21) along with the 19 previously mentioned functions:-
  • To create a conductive policy environment to promote digital payments and its acceptance infrastructure.
  • Reimbursement of Merchant Discount Rate (MDR) for Debit Cards, BHIM-UPI and BHIM Aadhaar Pay for transactions upto Rs. 2000 from 1 January 2018 to 31 December 2019.
  • Mission Operation and Strategy – Paragraph 5.1 is changed to “The DIGIDHAN Mission will work towards the primary objective of promotion of digital payments in the country and to increase the digital payment acceptance infrastructure”.
  • Other ammendments as per the new notification includes that the operations of DIGIDHAN Mission setup under the Ministry of Electronics and Information Technology (MeitY) is extended till 31st March 2020 (Para 1.4).
  • Amendment Notification – To see the Amendment Notification released by MeitY – Extension Of DigiDhan Mission.

Central govt. is working to devise a new mechanism to monitor regional penetration of digital payments. This could be done through geo-tagging digital payment transactions. To see the complete notification for Digi Dhan Mission – Digidhan Mission Notification

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