Reserve Bank of India (RBI) initiates 75 Digital Villages Programme

Published on March 08, 2023
Current Context: RBI Governor Shaktikanta Das announced the launch of '75 Digital Villages' programme on MondayUnder the initiative, Payment System Operators (PSOs) will adopt 75 villages across the country and turn them into digital payment-enabled villages.
Reserve Bank of India (RBI) initiates 75 Digital Villages Programme
  • The PSOs will provide awareness and training to villagers on various digital payment modes such as UPI, QR codes, cards, etc.
  • The PSOs will also support local entrepreneurs and merchants to accept digital payments and provide incentives for their adoption.
  • The programme aims to promote financial inclusion and digital literacy among rural population.
  • The programme is part of RBI's vision to make every payment digital by 2024.
  • The programme is expected to benefit around 1.5 lakh people living in these villages.
  • The programme will also help in creating employment opportunities for rural youth as digital payment facilitators.
  • The programme will be implemented in collaboration with NABARD, NPCI, IBA and other stakeholders.
  • The programme will cover villages across different states and regions such as Maharashtra, Gujarat, Rajasthan, Uttar Pradesh, Bihar, Odisha, Assam etc.

Question:

Q.1 Which of the following statements is true about the 75 Digital Villages Programme launched by RBI? 
a. It aims to enable 75 villages with digital payments through awareness and support from local entrepreneurs and merchants. 
b. It involves creating 75 new villages with digital infrastructure and facilities. 
c. It is a pilot project to test the feasibility of digital payments in rural areas. 
d. It is a joint initiative of RBI, Google and Facebook to promote digital literacy

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