Lucky Grahak Yojana and Digi Dhan Vyapari Yojna, Winners List

Lucky Grahak Yojana and Digi Dhan Vyapari Yojna, Winners List

The largest change, known as “Demonetization,” has been taking place in India for more than a month now. Individuals all around the country have yet to get over the difficulties they had with cash withdrawals. The National Institute for Transforming India Aayog, also known as NITI Aayog, and the central government have announced today that customers and retailers will receive rewards worth up to $1 million for choosing cashless transactions more frequently. This choice was taken in an effort to promote online transactions more, particularly in rural areas.

Lucky Grahak Yojana

  • The customers will gain from this. A customer has a greater chance of winning at least Rs. 1000 per day or Rs. 1 lakh per week the more debit or credit cards, as well as other electronic payment methods like internet banking, they swipe.
  • The program will begin to be implemented this Christmas and terminate on April 14, 2017. The name of the super winner will be revealed on the last day of the promotion. One crore rupees will be awarded as the major prize.
  • Customers can do as many digital transactions during this time as they choose. Under NITI Aayog, all of these will be tallied and documented in order to keep track of the transactions.
  • The National Payment Corporation of India (NPCI) will serve as the primary conduit for implementing the program all across the country.

Digi Dhan Vyapar Yojana

  • The nation’s merchants benefit from the Digi Dhan Vyapar Yojana. The lucky draw is not open to those who do not currently have POS or Point of Scale devices for cashless transactions.
  • All businesses, no matter how big or small, must install POS systems and choose cashless transactions in order to participate in this scheme. The location and the transactions will be recorded using these POS devices.
  • The weekly prize pool for DDVY is Rs. 50 000 for merchants. The merchants will also receive a giant prize. It and the LGY winner will be revealed on April 14, 2017.

Things to know about the schemes:

Announced byAmitabh Kant, CEO, NITI Aayog
Announced onMid December 2016
Aim of the schemeTo encourage digital transaction especially in rural areas
Types of digital transactionRuPay Cards, USSD, UPI, AEPS and Aadhaar linked transactions
Choice of winnerLucky draw
No of winner15,000 customers per day7000 customers per week7000 merchants per week
Budget for the schemeRs. 340 Cr.
Limit of transactionFrom Rs. 50/- and Rs. 3000/- as low as transactions to encourage backward sections as well.
Prize for merchants50 Lakh, 25 Lakh and 5 Lakh
Prize for customers1 Cr, 50 Lakh and 25 Lakh

Update \s17/9/2018
According to government documents, the relevant body may have contacted as many as 16 lakh prime winners. This scheme is currently inactive. The decision to terminate this project in 2017 has been made by the government itself. The body had to spend up to Rs. 258 crore from government funds to give awards to so many contestants.

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