When will all panchayats in India be declared UPI-enabled, according to the Centre
The centre has announced that all panchayats in India will be declared UPI-enabled on August 15th.
- This initiative is part of the government's efforts to promote digital transactions and financial inclusion in rural areas.
- The Unified Payments Interface (UPI) is a real-time payment system that allows users to instantly transfer money between bank accounts through a mobile platform.
- By enabling UPI in every panchayat, the government aims to provide a convenient and secure way for residents to make digital transactions.
- This move will empower people in rural areas to access various digital payment services, such as bill payments, online shopping, and fund transfers, without the need for physical currency.
- August 15th has been set as the deadline for completing the UPI-enablement process across all panchayats in India.
- This step will contribute to the government's vision of a cashless economy and ensure that digital financial services are accessible to everyone, including those residing in remote rural areas.
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