The country’s leading digital payment companies, including PhonePe, PayTM, BharatPe BharatPe, have joined the government’s efforts. These companies will train street vendors in different parts of the country on digital payments, UPI IDs and QR codes.
The government will train street vendors to increase digital payments
New Delhi: The government is constantly taking steps to digitalize India. The Government of India is also emphasizing on digital payments under the Digital India campaign. While in India at present only upper class and middle class people make large scale digital payments, the lack of knowledge about digital payments is evident among the private class and small traders. This is why the central government has launched the ‘Me Bhi Digital 3.0’ campaign to train street vendors to make and receive payments through digital payments. (The government will train street vendors, launching the ‘I am also Digital 3.0’ campaign)
The plan is a joint effort of the two ministries
The campaign, in collaboration with the Ministry of Housing and Urban Affairs, Ministry of Electronics and Information Technology, will train path vendors in 223 cities across the country under the PM SVANidhi Scheme. The scheme was jointly launched by Durga Shankar Mishra, Secretary, Ministry of Housing and Urban Affairs and Ajay Prakash Sahni, Secretary, Ministry of Electronics and Information Technology at a virtual event.
Along with digital payment companies
The country’s leading digital payment companies, including PhonePe, PayTM, BharatPe BharatPe, have joined the government’s efforts. These companies will train street vendors in different parts of the country on digital payments, UPI IDs and QR codes. In addition, they will provide all the necessary information related to digital payments. This will enable small and less educated merchants running shops on the streets to make and accept digital payments.
Loans are given at low interest rates
At the suggestion of the central government, street vendors are being given loans at low interest rates and on nominal terms so that they can grow their business. According to media reports, so far about 45.5 lakh street vendors have applied for loans, out of which 27.2 lakh applicants have been sanctioned loans and 24.6 lakh applicants have been given loans. Under the scheme, Rs 2,444 crore has been disbursed to street vendors so far. As per the information, 70,448 borrowers have also paid the first installment. (The government will train street vendors, launching the ‘I am also Digital 3.0’ campaign)
– TV9 Marathi (9 TV9Marathi) September 12, 2021
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