Lucky Grahak Yojana and Digi Dhan Vyapar Yojana launched

Union Government on 15 December 2016 launched Lucky Grahak Yojana and Digi Dhan Vyapar Yojana to promote digital payments in the country. 
●    These schemes are aimed at increasing the overall transparency in the economy and removing the influence of cash on the political and economic system.
●    Under these schemes, government will be giving cash awards to consumers and merchants who utilize digital payment instruments for personal consumption expenditures. 
●    The National Payment Corporation of India (NPCI) will be the implementing agency of these schemes. 
●    The primary aim of these schemes is to incentivize digital transactions so that electronic payments are adopted by all sections of the society, especially the poor and the middle class. 
●    It has been designed keeping in mind all sections of the society and their usage patterns.
●    The schemes will become operational with the first draw on 25 December 2016 and will lead up to a Mega Draw on Babasaheb Ambedkar Jayanti on 14 April 2017.