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Prime Minister Narendra <keyword id="19899684" type="General" weightage="20" keywordseo="Modi" source="keywords">Modi</keyword> on Friday said the government is making necessary <keyword id="20861068" type="General" weightage="20" keywordseo="policy-changes" source="keywords">policy changes</keyword>, like removal of <keyword id="20279287" type="General" weightage="20" keywordseo="Angel-Tax" source="keywords">Angel Tax</keyword>, to promote the <keyword id="19945816" type="General" weightage="100" keywordseo="fintech" source="keywords">fintech</keyword> sector, even as he asked the <keyword id="19962476" type="General" weightage="20" keywordseo="regulators" source="keywords">regulators</keyword> to take additional measures to check cyber frauds which can have a crippling impact on startups. Lauding the fintechs for democratising <keyword id="19976433" type="General" weightage="20" keywordseo="financial-services" source="keywords">financial services</keyword>, Modi said the sector, which has attracted USD 31-billion investment in the last 10 years, has played a key role in denting the parallel economy. The Prime Minister was addressing the Global Fintech Fest (GFF) 2024, jointly organised by the Payments Council of India, the National Payments Corporation of India and the Fintech Convergence Council. He said the domestic economy and the capital market are in a celebratory mood at a time when the nation is also going through a festive period. Modi underlined that the government is making all necessary changes on the policy level to assist the fintech sector and gave examples of doing away with Angel Tax, allocating Rs 1 lakh crore to encourage research and innovation in the country and implementing the Digital Personal Data Protection Act. Broadly, fintech refers to entities utilising technologies for providing financial services. Expressing the need to put an end to <keyword id="19901142" type="General" weightage="20" keywordseo="cyber-fraud" source="keywords">cyber fraud</keyword>, he urged the regulators to take major initiatives to boost digital literacy. It is equally important to ensure cyber fraud does not come in the way of the growth of fintech and startups in the country, Modi said. In his speech, the Prime Minister also cautioned about the dangers of a parallel economy for the world. Fintech, he said, has played an impactful role in denting such a system and credited the emergence of transparency. He said that digital technology has introduced transparency in India and gave the example of the implementation of Direct Benefit Transfer used in hundreds of government schemes that has prevented leakages in the system. "Today, people can see the benefits of aligning with the formal banking system," he said. Modi further said the trinity of Jan Dhan, Aadhaar and Mobile have broken down the mentality of 'Cash is King' and made way for approximately half of the <keyword id="20004116" type="General" weightage="20" keywordseo="digital-transactions" source="keywords">digital transactions</keyword> in the world taking place in India. "India's <keyword id="19900911" type="General" weightage="20" keywordseo="upi" source="keywords">UPI</keyword> has become a major example of fintech in the world," he said, adding that it has enabled 24X7 banking services in every village and city in all weather conditions. Underlining the role of fintech in democratising financial services, the Prime Minister gave examples of readily available loans, credit cards, investments and insurance. He said that fintech has made access to credit easy and inclusive, and gave the example of PM SVANidhi scheme that has enabled street vendors to avail collateral-free loans and further expand their business with the help of digital transactions. "Sustainable <keyword id="19900794" type="General" weightage="20" keywordseo="economic-growth" source="keywords">economic growth</keyword> is India's priority today," he said and emphasised that the government is creating robust, transparent and efficient systems to strengthen financial markets with advanced technologies and regulatory frameworks. About 800 speakers, including policymakers, regulators, senior bankers, industry captains, and academicians, from India and other countries are participating in the fest.

Removed Angel Tax, taking policy measures to promote fintech sector: PM Modi

<keyword id="19901642" type="General" weightage="20" keywordseo="varanasi" source="keywords">Varanasi</keyword>, Prime Minister <keyword id="19895781" type="General" weightage="20" keywordseo="narendra-modi" source="keywords">Narendra Modi</keyword> on Friday launched a scathing attack on INDIA bloc, saying members of the opposition alliance believe in instigating people in the name of caste and making them fight. He also said the opposition leaders cannot "tolerate" Dalits and tribal people occupying high posts. He cited the presidential election which was contested by Droupadi Murmu. Varanasi is Modi's parliamentary constituency. The prime minister also remarked that <keyword id="20700065" type="General" weightage="20" keywordseo="ravidas" source="keywords">Ravidas</keyword> ji has been calling him repeatedly to his birthplace of the ancient temple town. Speaking at a function here to commemorate the 647th birth anniversary of <keyword id="20672275" type="General" weightage="20" keywordseo="sant-ravidas" source="keywords">Sant Ravidas</keyword>, Modi said, "In every era, the sermons of the saints show us the path and also alert us. In our country, whenever anybody indulges in discrimination in the name of caste, it damages humanity. "If someone instigates (others) in the name of caste, it also damages humanity. Hence, brothers and sisters, today every Dalit and backward of the country has to keep in mind that 'INDI gathbandhan', which believes in instigating and making people fight in the name of caste, opposes the schemes meant for the welfare of the Dalits and 'vanchit' (deprived)," he said. The prime minister further said the truth is that these people indulge in politics of vested interest of the family in the name of welfare of castes. "You must be remembering that when construction of toilets was started, they ridiculed it. They also mocked the Jan Dhan accounts and also opposed Digital India. "Not only this, these 'parivar vaadi' (dynastic) parties have another identity - they do not want any Dalit or tribal person outside their families to move ahead. They cannot tolerate Dalits and tribal persons occupying high posts," Modi said. "You must be knowing that when Droupadi Murmu, the first woman tribal president, was contesting elections, then who all opposed her and which parties came together to defeat her. "It was all the 'parivar vaadi' parties, who see the Dalits, tribal people and backwards as their vote bank during the elections. We have to remain alert from these people and from such a mindset. We have to follow the positive education of Ravidas ji, while avoiding the negative mentality of casteism," he said. Showering praises on Sant Ravidas, Modi said, "Ravidas ji belongs to all and everybody belongs to Ravidas ji. He cannot be confined within the boundaries of caste, religion, sect and ideology. "Ravidas ji has been calling me repeatedly to his birthplace. I got an opportunity to take forward his pledge. I get an opportunity to serve his lakhs of followers. Serving the followers at the birthplace of the Guru is nothing less than a privilege for me," he said. Born in Varanasi, Ravidas was a mystic poet-saint of the Bhakti movement in the 15th and 16th centuries. Venerated as a spiritual teacher in several regions of Uttar Pradesh, Bihar, Rajasthan, Gujarat, Maharashtra, Madhya Pradesh, Punjab and Haryana, he was a poet, social reformer and spiritual figure. Modi also said India is moving rapidly on the path of development by adopting the messages of Sant Ravidas. "On the pious occasion of the birth anniversary of Sant Ravidas, I welcome you all to his birthplace. You have come from far-off places on this occasion, especially my brothers and sisters from Punjab... Varanasi seems to have become a mini-Punjab," he said. At the Sant Guru Ravidas Janmasthan temple at Seer Goverdhanpur near BHU, the prime minister inaugurated the newly installed statue of Sant Ravidas in adjoining Ravidas Park. He also inaugurated various development works around Sant Ravidas Janam Sthali worth about Rs 32 crore and laid the foundation stone for the Sant Ravidas Museum and beautification of the park worth about Rs 62 crore. Uttar Pradesh Chief Minister <keyword id="19898780" type="General" weightage="20" keywordseo="yogi-adityanath" source="keywords">Yogi Adityanath</keyword> and Chairman of Sant Guru Ravidass Janam Sthan Temple Trust Sant Niranjan Dass among others were present on the occasion.

INDIA bloc members incite people in name of caste, says PM Modi

The Budget 2024-2025 announcement by Union Finance Minister <keyword id="19916618" type="General" weightage="20" keywordseo="Nirmala-Sitharaman" source="keywords">Nirmala Sitharaman</keyword> saw productivity and resilience in <keyword id="19931887" type="General" weightage="20" keywordseo="agriculture" source="keywords">agriculture</keyword> being prioritised above all else. With a desire to turn focus on <keyword id="19934969" type="General" weightage="20" keywordseo="farmers" source="keywords">farmers</keyword>, or Annadatas, ₹1.52 lakh crore has been allocated for agriculture and its allied sectors. This is quite an increase from the Interim Budget announcement of ₹1.27 lakh crore in February 2024. It is being speculated that this substantial focus on the agricultural sector stems from the BJP's vote share dipping in semi-urban and rural areas during the recent Lok Sabha elections. In fact, when Prime Minister <keyword id="19895781" type="General" weightage="20" keywordseo="narendra-modi" source="keywords">Narendra Modi</keyword> returned for a third term in office, the first file he signed was for the release of the 17th instalment of the PM <keyword id="22000840" type="General" weightage="20" keywordseo="kisan-nidhi" source="keywords">Kisan Nidhi</keyword> scheme, ET reported. However, the government's commitment to transforming agriculture and potentially the lives of Indian farmers could lead to the agricultural sector growing at 3.7% in the current fiscal, compared to 1.4% last year, as per the CII. <h2>Key initiatives in agriculture</h2>Transforming Agriculture Research The government is set to conduct a comprehensive review of the agricultural research framework, with an emphasis on enhancing productivity and developing climate-resilient crop varieties. Funding will be allocated on a challenge basis, including to private sector initiatives. This research will be overseen by domain experts from both governmental and non-governmental organizations. Release of New Varieties A total of 109 new high-yielding and climate-resilient varieties of 32 field and horticulture crops will be introduced for farmers to cultivate. Promoting Natural Farming In the next two years, the government plans to transition one crore farmers to natural farming practices, supported by certification and branding efforts. This initiative will be carried out through scientific institutions and willing <keyword id="20030597" type="General" weightage="20" keywordseo="gram-panchayats" source="keywords">gram panchayats</keyword>, with 10,000 bio-input resource centers to be established based on need. Missions for Pulses and Oilseeds To achieve self-sufficiency in pulses and oilseeds, the government will strengthen their production, storage, and marketing. As outlined in the interim budget, a strategy is being implemented to attain 'atmanirbharta' (self-reliance) for oilseeds like mustard, groundnut, sesame, soybean, and sunflower. <div type="Article" hostid="261" msid="111930255" title="Economic Survey calls for urgent agricultural reforms; cites growth hurdles" mstype="2" mssubtype="0"></div>Vegetable Production &amp; Supply Chains Large-scale clusters for vegetable production will be developed near major consumption centers. The government will support Farmer-Producer Organizations, cooperatives, and startups to streamline the vegetable supply chain, including collection, storage, and marketing. Digital Public Infrastructure for Agriculture Building on the success of a pilot project, the government, in partnership with states, will facilitate the implementation of Digital Public Infrastructure (DPI) for agriculture over the next three years. This year, a digital crop survey for Kharif crops will be conducted in 400 districts, integrating details of six crore farmers and their lands into registries. Additionally, Jan Samarth-based Kisan Credit Cards will be issued in five states. Shrimp Production &amp; Export Financial support will be provided to establish a network of Nucleus Breeding Centres for shrimp broodstocks. NABARD will facilitate financing for shrimp farming, processing, and export. National Cooperation Policy A new National Cooperation Policy will be introduced to promote systematic and comprehensive development of the cooperative sector. This policy aims to fast-track rural economic growth and create large-scale employment opportunities. <h2>Budget allocation highlights</h2><ul><li>PM-Kisan Samman Nidhi: Will be retaining its allocation of ₹60,000 crore to provide direct financial assistance to 11.8 crore small and marginal farmers.</li><li>Pradhan Mantri Fasal Bima Yojana: Allocated funds to provide crop insurance to four crore farmers, protecting them from adverse weather conditions.</li><li>e-NAM Expansion: Integration of 1,361 mandis into the e-NAM platform to enhance market efficiency and transparency, benefiting 1.8 crore farmers with an expected trading volume of ₹3 lakh crore.</li></ul><h2>Government committed to Polavaram irrigation project in Andhra Pradesh</h2>The Finance Minister said that the government is fully committed to financing and expeditiously completing the Polavaram irrigation project, which is considered a lifeline for Andhra Pradesh and its farmers. <h2>Future directions</h2>The government aims to increase public and private investment in post-harvest infrastructure and supply chains, promoting aggregation, modern storage, and efficient processing to reduce losses and improve food security. Additionally, the dairy and fisheries sectors will see significant development, with initiatives to boost productivity and exports, contributing to a sustainable and prosperous agricultural ecosystem. <div type="Article" hostid="261" msid="111951205" title="Budget 2024-25: Changes to tax slabs, increased standard deduction and other changes to direct taxation" mstype="2" mssubtype="0"></div>

What does Union Budget 2024-2025 have in store for farmers and the agricultural sector?

In her <keyword id="19906106" type="General" weightage="20" keywordseo="Interim-Budget" source="keywords">Interim Budget</keyword> speech in February 2024, <keyword id="20385790" type="General" weightage="20" keywordseo="Union-Finance-Minister" source="keywords">Union Finance Minister</keyword> <keyword id="19916618" type="General" weightage="20" keywordseo="Nirmala-Sitharaman" source="keywords">Nirmala Sitharaman</keyword> celebrated what she termed as the Modi government's landmark achievement: unleashing 'nari shakti' or women's power through various initiatives since 2014. Among these, the creation of one crore 'Lakhpati Didis' — women whose annual household income exceeds one lakh rupees — under the Deendayal Antyodaya Yojana-National Rural Livelihoods Mission (DAY-NRLM), has garnered significant attention. <h2>The hype around it </h2>Imagine being a <keyword id="20416259" type="General" weightage="20" keywordseo="Lakhpati-Didi" source="keywords">Lakhpati Didi</keyword> — a rural woman whose annual household income exceeds Rs. 1 lakh. These women are not just financial achievers; they are community leaders who inspire others through their entrepreneurial journeys. Their success stories highlight the transformative impact of self-help groups (SHGs) and collective action in rural India. Launched amid much fanfare on August 15, 2023 by Prime Minister Narendra Modi himself, the 'Lakhpati Didi' scheme aims to empower women through diverse skill development programs, from producing LED bulbs to operating agricultural drones. Partnering with entities like Patanjali, Flipkart, and the Bill and Melinda Gates Foundation, the initiative also focuses on branding and marketing these products, ostensibly connecting women with credit lines and MUDRA loans for financial support. Almost an year on, the scheme is all set to get some well-deserved boost in the Budget 2024 to be presented on July 23. However, the time also apt to examine if it has actually contributed to <keyword id="20009191" type="General" weightage="20" keywordseo="women-empowerment" source="keywords">women empowerment</keyword> in the country. <div type="Article" hostid="261" msid="111915324" title="Finance Minister Nirmala Sitharaman to table Economic Survey in Parliament today" mstype="2" mssubtype="0"></div> <h2>The reality check </h2>Critics argue that such schemes may inadvertently tether women's SHGs to corporate networks, potentially benefiting transnational agribusiness giants aligned with the government. Programs like 'Namo Drone Didi', allocated Rs. 500 crore in the Interim Budget, exemplify this trend by integrating women into digital agriculture, albeit under the influence of corporate agendas. Further, while the Interim Budget championed the narrative of women's economic prosperity, it failed to adequately address their basic needs. Despite claims of empowerment, essential schemes such as PM Awas Yojana (Rural) and Har Ghar Jal have seen significant budgetary underspending, raising concerns about the government's commitment to women's welfare beyond mere rhetoric. For instance, the underutilisation of funds in Swachh Bharat Mission (Gramin) and the shrinking allocations for crucial subsidies like nutrition and education further highlight the disconnect between budgetary outlays and on-ground impact. This trend suggests a shift in responsibility towards state governments without commensurate support from the Union government, leaving vulnerable populations like widows and rural women at risk. Overall, the well-intentioned narrative around the scheme needs better translation and execution on ground to achieve desired outcomes. <h2>Looking ahead </h2>Until now, the budgetary allocation for women-centric programs have remained disproportionately low, with the Ministry of Women and Child Development having been allocated Rs 26,000 crore in 2024-25, an increase of 2.52% compared to the previous budget. This paltry investment underscores a broader pattern of neglecting systemic issues such as gender-based violence, social discrimination and pro-corporate stance. As Budget 2024 approaches, stakeholders eagerly anticipate policies that not only boost economic growth but also empower rural women as entrepreneurs and leaders. While Lakhpati Didi stands poised to empower rural women with opportunities and support, more steps are needed to make it more sustainable. <div type="Article" hostid="261" msid="111689743" title="Union Budget 2024: A handy FAQ guide to decode the upcoming budget" mstype="2" mssubtype="0"></div>

Budget 2024: Can Lakhpati Didi Yojana’s reality inspire better focus on women?

Prime Minister <keyword id="6354477" type="General" weightage="50" keywordseo="narendra-modi" source="Orion">Narendra Modi</keyword> on Thursday said the future needs flexible workplaces, a work-from-home ecosystem and flexible work hours, adding that these should be used as opportunities for women's labour force participation. Addressing the National Conference of Labour Ministers of all states through video conferencing in Tirupati, Prime Minister <keyword id="6354642" type="General" weightage="100" keywordseo="modi" source="Orion">Modi</keyword> reiterated the various efforts by the government like <keyword id="14813046" type="General" weightage="20" keywordseo="pradhan-mantri-shram-yogi-maandhan-yojana" source="Orion">Pradhan Mantri Shram-Yogi Maandhan Yojana</keyword>, <keyword id="2747429" type="General" weightage="50" keywordseo="pradhan-mantri-suraksha-bima-yojana" source="Orion">Pradhan Mantri Suraksha Bima Yojana</keyword> and <keyword id="6524177" type="General" weightage="80" keywordseo="pradhan-mantri" source="Orion">Pradhan Mantri</keyword> Jeevan Jyoti Bima Yojana, that have given security cover to the workers. "These schemes have assured the labourers of the recognition of their hard work and contribution. The Emergency Credit Guarantee Scheme, according to a study, saved 1.5 crore jobs during the pandemic," he said during his speech. Modi further pointed out the e-Shram portal is one of the key initiatives to bring the labour force under the ambit of social security. "In just one year, about 28 crore workers from 400 areas have been registered on the portal. This has especially benefited construction workers, migrant labourers, and domestic workers," he said. The Prime Minister requested all the ministers to integrate state portals with the e-Shram portal. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/sustainability/news/takeouts-without-plastics-is-impractical-now-say-restaurants-with-few-or-no-eco-friendly-options/articleshow/93783273.cms">Takeouts without plastics is impractical now say restaurants with ‘few or no’ eco-friendly options</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/india-has-strong-forex-reserves-to-face-macro-difficulties-despite-the-recent-fall-sp/articleshow/93782057.cms">India has strong forex reserves to face macro difficulties despite the recent fall: S&amp;P</a>

Now, PM Modi bats for flexible workplaces and says they help women

<ul><li>A component of Ayushman Bharat, a flagship healthcare scheme of the Government of India, PM-JAY aims to achieve universal health coverage. </li><li>PM-JAY provides a health insurance coverage up to ₹5 lakhs per family in a year that can be claimed for meeting the expenses of secondary and tertiary medical care across 1,393 procedures. </li><li>It works by providing cashless healthcare services to families through public and empanelled private hospitals. </li></ul>Abbreviated as PM-JAY, Pradhan Mantri Jan ArogyaYojanais a component of Ayushman Bharat, aims to achieve universal health coverage (UHC). This project was recommended by the National Health Policy 2017 and designed under the commitment of the government which reads as, "Leave no one behind". Marking a shift from a segmented approach to providing healthcare services to the citizens, Ayushman Bharat endeavors to deliver a holistic and need-based healthcare service. The scope of Pradhan Mantri Jan ArogyaYojana PM-JAY will provide health insurance coverage up to ₹5 lakhs per family in a year. It can be claimed for secondary and tertiary care hospitalization. The scheme targets about 10.74 crore families in the poor and vulnerable segments of the society. About 50 crore beneficiaries are covered by this programme. Earlier called as National Health Protection Scheme (NHPS), PM-JAY was launched in Ranchi, Jharkhand on September 23, 2018 by <keyword id="71" type="POSITION" weightage="20" keywordseo="Prime-Minister">Prime Minister</keyword> <keyword id="6354477" type="PERSON" weightage="20" keywordseo="Narendra-Modi">Narendra Modi</keyword>. Important highlights of PM-JAY The largest health insurance programme in the world PM-JAY is notably the world’s largest health insurance programme that is fully financed and operated by a government, today. The scheme provides an insurance coverage of ₹5 lakhs per family per year which can be claimed for secondary and tertiary care hospitalization. The benefit will be disbursed through the public hospitals as well as empanelled private hospitals in the country. What does it seek to cover? PM-JAY offers access to cashless health care services for the beneficiary families at the point of service, namely, the hospital. PM-JAY will help bring down the ruinous expenditure spent on hospitalizations, which forces about 6 crore people under poverty line year-on-year. The programme’s objective is to mitigate the financial risks that result from disastrous health episodes. The nature of coverage With regard to the coverage, PM-JAY does not have any restrictions regarding the size of the family, and gender or age of the beneficiary. Right from the first day, the scheme covers all pre-existing conditions. The beneficiaries can move anywhere within the country to avail of the facility in any of the empanelled and public hospitals across the nation. The scheme will cover three days of pre-hospitalization and 15 days of post-hospitalization expenses that will also include diagnosis and medication. Medical services included The services include about 1,393 procedures that will cover all the costs connected to treatment that will include but is not limited to drugs, diagnosis, physician fees, surgeon charges, room fees, ICU and OT charges. The scheme will reimburse the cashless healthcare services offered by public hospitals on par with the private hospitals. PM-JAY benefit cover The total benefit of ₹5,00,000 per family per year can be used on a family floater basis which will mean that one or all members of the family can use it as per the arising needs. Whereas the RSBY has a cap of five members per family, PM-JAY does not have any cap on the family size or the age of the family members.

what is prime minister jan arogya yojana

<keyword id="6354814" type="General" weightage="20" keywordseo="prime-minister-narendra-modi" source="Orion">Prime Minister Narendra Modi</keyword> on Saturday took to social media to highlight the widespread adoption of digital payments in India, sharing a photo of a roadside tailor who has integrated <keyword id="6357120" type="General" weightage="20" keywordseo="paytm" source="Orion">Paytm</keyword> <keyword id="6361008" type="General" weightage="20" keywordseo="qr-codes" source="Orion">QR codes</keyword> into his sewing machine. The image was retweeted by PM Modi with the remark, “It is a common sight across India…our people have shown remarkable dexterity in adapting to tech and innovation.” <div type="twitter" handle="narendramodi" handlename="Narendra Modi" image="http://pbs.twimg.com/profile_images/1565985672501927936/d-r-h241_normal.jpg" favoritecount="18971" retweetcount="3054" status="It is a common sight across India…our people have shown remarkable dexterity in adapting to tech and innovation. https://t.co/Bl8EsPEshn" createdat="1674305719000" id="1616781487898251266"></div>The tweet quickly gained traction, receiving a million views and almost 15,000 likes within a day. <div type="twitter" handle="vijayshekhar" handlename="Vijay Shekhar Sharma" image="http://pbs.twimg.com/profile_images/1567558193429217281/e6JbIoQ3_normal.jpg" favoritecount="695" retweetcount="49" status="Absolutely Sir !💯 Pride of our India is acceptance and embracing technology by every citizen in country. Thank yo… https://t.co/ttnGDRDeDo" createdat="1674306941000" id="1616786613979459585"></div>Fintech giant Paytm’s Founder and CEO Vijay Shekhar Sharma also responded to PM Modi’s tweet, saying, “Absolutely Sir! Pride of our India is acceptance and embracing technology by every citizen in country. Thank you for championing and guiding the change.” Paytm has played a significant role in increasing the popularity and accessibility of digital payments in the country. The company's efforts to expand its reach by partnering with small businesses and vendors, such as the roadside tailor in the image shared by PM Modi, have further contributed to the increased adoption of digital payments in India. The user who posted the picture revealed that it was taken in Uttar Pradesh’s Ghaziabad. “You have to be in Bharat to understand the scale of this transformation brought about by the policies of PM <keyword id="6354477" type="General" weightage="20" keywordseo="narendra-modi" source="Orion">Narendra Modi</keyword> government", the user captioned the image. One of the key initiatives of the Modi government has been the promotion of <keyword id="1399736" type="General" weightage="20" keywordseo="digital-payment" source="Orion">digital payment</keyword>s through the Digital India programme. The Centre has placed a high priority on extending digital payment services to every segment of the population. In line with this objective, the Union Cabinet, chaired by Prime Minister Modi, recently announced an increase in the allocation for the promotion of RuPay debit cards and low-value UPI payments to ₹2,600 crore for FY23. This is a significant increase from the initial allocation of ₹1,300 crore, which was announced in the Budget for FY22. The move is part of the government's ongoing efforts to promote digital payments across the country and bring about a digital transformation in India. “Under the said scheme, acquiring banks will be provided financial incentive for promoting point-of-sale (PoS) and e-commerce transactions using RuPay debit cards and low-value BHIM-UPI transactions (person-to-merchant) for the current financial year,” the Ministry of Electronics &amp; IT said. Brokerage firms Morgan Stanley and Goldman Sachs have said that Paytm will be a key beneficiary of this incentive scheme. India's leading digital payments and financial services company, Paytm, has played a crucial role in the advancement of the Indian government's vision of a cashless economy. The company has pioneered the use of QR codes for mobile payments and has made digital transactions accessible to all. Digital payments have played a crucial role in maintaining business continuity during the pandemic, particularly for small merchants, and promoting social distancing. In December 2022, UPI achieved a record of 7.82 billion digital payment transactions with a value of ₹12.82 lakh crore. Last week, PM Modi also initiated the transfer of approved loans of over one lakh beneficiaries under PM SVAnidhi Yojana, a special micro-credit facility for street vendors. He lauded the fact that the scheme’s beneficiaries have done digital transactions with ₹50,000 crore in a short span of time. “This feat and change is a big answer to the pessimists, who used to question the success of digital payments by street vendors,” PM Modi said. Paytm has been helping in deepening financial inclusion by onboarding street vendors under the PM SVANidhi scheme and helping them to accept digital payments. In 2021- 22, the company onboarded more than 35,000 Street vendors under PM SVANidhi scheme. The PM added that the SVANidhi Yojana is not just a scheme to give loans, but it is a campaign to boost the economic power of our fellow street vendors by empowering them to accept digital payments. Paytm’s work in supporting the government's efforts aligns with its mission to bring half a billion Indians into the mainstream economy through the use of digital payments and financial services. By pioneering the use of QR codes for mobile payments, Paytm has helped to remove barriers for individuals and small businesses, particularly street vendors, to access financial services and conduct digital transactions. Additionally, Paytm's active participation in the PM SVANidhi Yojana by onboarding street vendors and helping them accept digital payments has enabled them to participate fully in the digital economy. Disclaimer: This article is generated and published by the Insider Studios team. You can get in touch with them on <a href="mailto:insiderstudios@businessinsider.in" target="_blank">insiderstudios@businessinsider.in</a>

PM Modi shares image of tailor on the street using Paytm, calls it a common sight across India

Prime Minister <keyword id="6354477" type="General" weightage="50" keywordseo="narendra-modi" source="Orion">Narendra Modi</keyword> said on Saturday that he could not visit to his mother to seek her blessings on his birthday, but she will be happy to see that thousands of mothers have gathered to bless him on the day. The Prime Minister made the remarks while addressing the gathering of over one lakh women associated with self-help groups (SHGs) in Madhya Pradesh's Sheopur district. Prime Minister Modi on his 72th birthday visited to Madhya Pradesh where he released eight African cheetahs into enclosure at Kuno National Park. Following which, he graced a women SHGs conference being organised in Sheopur district. "I would have gone to my mother to seek her blessings on my birthday, if today's programmes weren't organised here. But, thousands of mothers have come to bless me here and after seeing all this, my mother would be very happy that I am getting blessings of thousands of mothers here," Prime Minister Modi said. He was welcomed with great enthusiasm by artists who performed tribal dance and other cultural programmes organised by the state government. Meanwhile, the Prime Minister recounted several women beneficiary schemes for women under his government. On the occasion, Union Minister Narendra Singh Tomar, who is a prominent political face from Gwalior-Chambal region, said that around 60 per cent area of Sheopur district have dense forest zone. "Sheopur is a very small district, however, it is filled with natural resources. There are several ancient temples of Lord Shiva and that is why this area was named Sheopur." Notably, Sheopur has two assembly seats - Sheopur and Vijaypur, and the BJP and Congress each has one MLA. However, the fact that, Sheopur, which is the part of Gwalior-Chambal region, is also considered the most remote area in the state and has highest malnutrition cases in the state. The women SHGs participating in the conference were those who run several initiatives being promoted under the Deendayal Antyodaya Yojana-National Rural Livelihoods Mission (DAY-NRLM). DAY-NRLM aims at mobilising rural poor households into SHGs in a phased manner and provide them long-term support to diversify their livelihoods, improve their incomes and quality of life. On the day, the Prime Minister also inaugurated four Particularly Vulnerable Tribal Groups (PVTG) skilling centres under PM Kaushal Vikas Yojana. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/sc-admits-karnataka-govt-plea-on-online-gaming/articleshow/94260057.cms" style="">SC admits Karnataka govt plea on online gaming</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/hectic-jobs-in-retail-and-quick-service-restaurants-is-leading-to-high-attrition-report/articleshow/94250545.cms" style="">Hectic jobs in retail and quick service restaurants is leading to high attrition: Report</a>

PM addresses women SHGs conference in MP

New Delhi [India], December 3 (ANI): Union Minister <keyword id="29632" type="General" weightage="20" keywordseo="Jyotiraditya-Scindia" source="Orion">Jyotiraditya Scindia</keyword> on Sunday said that the Bharatiya Janata Party (BJP) leading in <keyword id="6355554" type="General" weightage="50" keywordseo="madhya-pradesh" source="Orion">Madhya Pradesh</keyword> indicates how CM <keyword id="94770" type="General" weightage="80" keywordseo="shivraj-singh-chouhan" source="Orion">Shivraj Singh Chouhan</keyword>'s <keyword id="16425614" type="General" weightage="80" keywordseo="ladli-behna" source="Orion">Ladli Behna</keyword> scheme for women of the state has proved as a 'game changer' in the polls. As per the latest figures available from the Election Commission, the BJP was leading in 160 of the 230 seats in Madhya Pradesh, while the Congress was ahead in 67 seats. Speaking to ANI, the minister also credited incumbent chief minister Shivraj for the results showing a comfortable lead for the party in the polls. "I express my gratitude to every single person of the state. This is the result of the BJP's double engine government, PM Modi's leadership, guidance of Union Home Minister Amit Shahji, and party president JP Naddaji, and welfare schemes implemented by CM Shivraj Singh Chouhan...Ladli Behna scheme is a game-changer and the full credit for it goes to Shivraj Singh Chouhan," Scindia said. Scindia, a former Congress leader who switched over the party to come with the BJP in 2020, also took a swipe at the grand old party and said that his party did the work 'quietly' while the Congress was busy preparing Ladoos and congratulatory posters. "Congress was preparing Ladoos and congratulatory posters were put up. While we were doing our work quietly..." he added. As the counting of votes continues, the BJP has taken a comfortable lead in Madhya Pradesh and Rajasthan, while also aiming to capture Chhattisgarh from Congress. Meanwhile, in Telangana, the Congress is poised to oust the K Chandrasekhar Rao-led BRS government to wrest power in another southern state. The election to the 230-member Madhya Pradesh Assembly was a fight between the BJP and the Congress, whose then 15- month government, formed in the year 2018 was toppled from power in 2020 with help from Jyotiraditya Scindia who defected to the BJP from the Congress. The BJP though had fielded three central ministers Narendra Singh Tomar, Prahlad Singh Patel and Faggan Singh Kulaste to tackle the perceived anti-incumbency against Chouhan. Chouhan relied heavily on schemes for women like the '<keyword id="16283999" type="General" weightage="50" keywordseo="ladli-behna-yojana" source="Orion">Ladli Behna Yojana</keyword>' under which Rs 1250 are being transferred monthly to eligible women from poor families in the state. Congress has described it as an election sop, implemented months before the assembly polls, the BJP leaders have said that it is in line with the party's work for empowering women. State Congress president and candidate from Chhindwara, Kamal Nath leading by a margin of 15,623 votes after the ninth round of counting, garnering a total of 57895 votes so far. Incumbent Chief Minister and BJP candidate from Budhni, Shivraj Singh Chouhan leading by a margin of 50,996 votes after the eighth round of counting, garnering a total of 70453 votes so far. (ANI)

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