Currently, the government is using e-form vouchers for welfare schemes. Through this, the beneficiaries get money in a quick, cashless and contactless manner.
Along with this, there is no need of any middleman in it. Now RBI has talked about increasing its scope. RBI says that in order to reach more and more people, the Reserve Bank of India will simplify the rules. Also, how to make it go faster. There is a preparation to bring its framework as well. Let us tell you that it is for those people who do not use money transfer or bank.
In simple words, bad times come with someone and he gets admitted in the hospital. He doesn’t have money. The government or some organization helps him. In this case, a QR code will be sent to his mobile. Which the hospital can scan and take its payment.
RBI recently changed another rule-
Last few months ago, its limit was increased to Rs 1 lakh. Earlier, you could use it only up to the limit of Rs 10,000.
Let us tell you that the e-form digital voucher has been prepared by the National Payment Corporation of India (NPCI). Along with this, the Department of Financial Services and some other ministries of the government have also helped in making it.
There is a QR code on this e-form digital voucher, which can be scanned and money can be transferred to the beneficiary’s account immediately. This increases the chances of the money reaching the right place quickly.