NPCI disburses Rs. 245 cr in prize money under Niti Aayog's Lucky Draw scheme

Posted on:10 Apr 2017 10:45:39
NPCI disburses Rs. 245 cr in prize money under Niti Aayog's Lucky Draw scheme
10 April 2017 Current Affairs: National Payments Corporation of India (NPCI), the umbrella organisation for all retail payment systems in the country, has disbursed over Rs. 245 crore worth of prize money to about 18 lakh winners under the NITI Aayog’s Lucky Draw schemes for consumers and merchants which are Lucky Grahak Yojna (LGY) and Digi-Dhan Vyapar Yojna (DVY).

This initiative was announced to encourage people to carry out more digital transactions.

There are three mega prizes for consumers worth Rs. 1 crore, Rs. 50 lakh and Rs. 25 lakh. For merchants too there would be three mega prizes worth Rs. 50 lakh, Rs. 25 lakh and Rs. 12 lakh. It will be declared in the 100th Mega draw.

Maharashtra, Tamil Nadu, Uttar Pradesh, Andhra Pradesh, Delhi and Karnataka had emerged as the top five states /Union Territories with the maximum number of winners, while salaried professionals, students, businessmen, housewives and people working in the agriculture sector were the top winners.

The two schemes are:- Lucky Grahak Yojna (LGY) and Digi-Dhan Vyapar Yojna (DVY).

They were launched on December 25, 2016 and will remain open till April 14, 2017.

The schemes are aimed at incentivising both consumers and merchants to promote digital payments.

There are 15,000 daily winners qualifying for total prize money of Rs. 1.5 crore. In additional to this there are over 14,000 weekly winners qualifying for total prize money of over Rs. 8.3 crore every week.

About NPCI:- National Payments Corporation of India

NPCI headquarter : Mumbai

NPCI founded in: 2008

Key person: M. Balachandran

About NITI Aayog:- Full form: National Institution for Transforming India

Formation : 1 January 2015

Chairman: Narendra Modi

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