President Pranab Mukherjee’s Budget 2017 Session is Dedicated to Digital Advancement in India

President Pranab Mukherjee kicks start the first parliamentary session of Budget 2017 in India.

President Pranab Mukherjee kicks start the first parliamentary session of Budget 2017 in India.

“Cashless Technologies will Usher in Digital Revolution”, says the President.

Opening the first parliamentary session of Budget 2017 in India, President Pranab Mukherjee exuded confidence in PM Modi’s cashless strategies. He believes that modern biometric Aadhaar based payment system will usher in a technological revolution in India. Appreciating Modi government for their ground-breaking technologies, the President stated that around 14 banks have already adopted the Aadhaar Pay system. In future, it’ll enable new people to send and receive payments using Aadhaar biometrics and number.

  • BHIM app for Empowering the Poor

On December 30, PM Narendra Modi launched an indigenously developed app BHIM (Bharat Interface for Money) as a tribute to visionary leader Dr Bhimrao Ambedkar– the father of Indian constitution. The BHIM app will enable swift, secure cashless transactions via mobile phones. It fulfils the vision of late Ambedkar, who sought economic empowerment and equal opportunities for the poor. Till date, the app has been downloaded by 1.1 crore users.

  • Digidhan Abhiyan for Employment Opportunities

The Centre’s Digidhan Abhiyaan, in collaboration with 2 lakh ‘Common Service Centres’ of India will provide employment to 5 lakh youths in the country by spreading digital literacy.

  • Stand-Up India for Creating Entrepreneurs in Every State and Community

The Union government’s Stand-Up India initiative aims to promote entrepreneurship opportunities amidst 2.5 lakh women, SC and ST groups. Rs 490 crores have been separately allocated to the National SC/ST Hub so that commoners can enjoy the business environment.

Pillars of Digital Revolution in India

Pillars of Digital Revolution in India

  • Indian Postal Banking for Wider Reach

Though the government aims to take Indian banking system to every doorstep, not many people are well-versed with the complexities of the banking system. The Indian Postal Payment Bank is dedicated to the unbanked population. Its services will spread all over the country via 1.5 lakh post offices, 2.5 lakh Gram Daak Sewaks and 1 lakh Bank Mitras appointed by the banks. This system will facilitate banking services in post offices.

  • BharatNet Project for High-Speed Internet

In line with the BharatNet project, the government aims to connect about 75,700 Gram Panchayats to the national internet system via optical fibres. This will bring all Indian agriculturists on a single common platform (GeM or Government e-Markets) where they can conduct transparent auctions and sale. Modi government has recently approved the North East BPO promotion schemes for creating more employment opportunities in the Digital India programme with some of the best digital marketing company in India. Having said all this, the President congratulated the citizens for voluntarily giving up their LPG subsidy to help the poor. He also praised Modi government for taking development-centric steps for the welfare of Dalit, Gareeb, Vanchhit and the Peedit.

Having said all this, the President congratulated the citizens for voluntarily giving up their LPG subsidy to help the poor. He also praised Modi government for taking development-centric steps for the welfare of Dalit, Gareeb, Vanchhit and the Peedit.

Having said all this, the President congratulated the citizens for voluntarily giving up their LPG subsidy to help the poor. He also praised Modi government for taking development-centric steps for the welfare of Dalit, Gareeb, Vanchhit and the Peedit. The President’s speech has raised anticipation among Indian citizens. Now, the entire country looks forward to Finance Minister Arun Jaitley’s upcoming budget.

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