Economic Affairs Secretary Shaktikanta Das said the government has sanctioned Rs. 21,000 crore NABARD keeping in mind the farmers and promoting digital transactions in rural areas. It entails district cooperative banks to pass on the money to primary agricultural farmers for the current Rabi season, he said.
He said farmers will get credit as the rural banks, NABARD and RBI will make cash available at the district level soon. For RUPAY cards, the government has waived off all switching charges and other charges till December 31, as is the case for all debit cards already.
Railways via its irctc.co.in website for booking railway train tickets has waived off service charges until Dec. 31, 2016 to encourage people to migrate to digital transactions.
Coming to mobiles and smartphones, the TRAI has reduced USSD charges from Rs. 1.50 to 50 paise for ordinary mobile phones, which form over 65% of all phones. The government said it will encourage digital transactions at toll plazas. The Road Transport Ministry has asked vehicle manufacturers to include ETC complaint RFID facility in all new cars.
All new government organisations and PSUs have been asked to use e-payments or AADHAAR enabled payments. The National Payment Corporation of India has been asked to ensure maximum digital transactions.
About the ATM withdrawals, RBI said around 80,000 ATMs out 200,000 ATMs in the county have been recalibrated so far, leaving at least two weeks time to finish the gigantic task on its hands.