New Delhi (SunstarTV Bureau): The Ministry of Finance (MoF) informed that as many as Rs 1,500 crore has been proposed for a scheme which will provide financial incentive to promote digital modes of payment and further boost digital transaction.
Inside the parliament Budget presentation today, the Finance Minister Nirmala Sitharaman informed that, “there has been a manifold increase in digital payments in the recent past and there was a need to take steps to carry forward this momentum. Rs 1,500 crore has been proposed for a scheme that will provide financial incentive to promote digital modes of payment and further boost digital transactions.”
Meanwhile, Sitharaman proposed initiatives covering digital payments, space sector and deep ocean exploration. Further for the National Research Foundation, the Finance Minister proposed an outlay of Rs 50,000 crore, spread over five years.
“It will ensure that the overall research ecosystem of the country is strengthened with focus on identified national priority thrust areas,” she added.
