{"id":123365,"date":"2021-08-04T20:50:10","date_gmt":"2021-08-04T15:20:10","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=123365"},"modified":"2021-08-05T16:22:24","modified_gmt":"2021-08-05T10:52:24","slug":"how-e-rupi-can-make-welfare-payments-easier","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/how-e-rupi-can-make-welfare-payments-easier\/","title":{"rendered":"How e-RUPI can make welfare payments easier?"},"content":{"rendered":"<p><span style=\"color: #000000;\"><strong>Source<\/strong>: <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/epaper.livemint.com\/Home\/ShareArticle?OrgId=488de217f2&amp;imageview=0\" target=\"_blank\" rel=\"noopener\">Live Mint<\/a><\/span><\/span><\/p>\n<h5><span style=\"color: #000000;\"><b>What is the news?<\/b><\/span><\/h5>\n<p><span style=\"color: #000000;\">Government of India recently launched e-RUPI which can make welfare payments easier and more efficient, and to an extent looks like the precursor of a Central Bank Digital Currency (CBDC).<\/span><\/p>\n<table style=\"width: 100%; border-collapse: collapse; background-color: #f7f2f2;\">\n<tbody>\n<tr>\n<td style=\"width: 100%;\"><strong>Must Read: <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/forumias.com\/blog\/pm-to-launch-digital-payment-solution-e-rupi\/\" target=\"_blank\" rel=\"noopener\">What is e-RUPI and how does it work?<\/a><\/span><\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h5><b><span data-contrast=\"auto\">What will e-RUPI be used for?<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/h5>\n<p><span data-contrast=\"auto\">The most immediate use of e-RUPI is\u200afor\u200awelfare\u200apayments\u200aand\u200aservices related to health such as\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<ul>\n<li><span data-contrast=\"auto\">Drugs and nutritional support under \u2018mother and child\u2019 welfare schemes\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Tuberculosis eradication schemes.<\/span><\/li>\n<li><span data-contrast=\"auto\">Drugs and diagnostics under the Pradhan Mantri Jan Arogya\u200aYojana.<\/span><\/li>\n<li><span data-contrast=\"auto\">Fertilizer subsidies.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">e-RUPI connects the sponsors of the services with the beneficiaries and service providers in a digital manner without any physical interface or intermediary.\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">It has been launched with the aim of ensuring that such payments are transferred to the beneficiary without any leakage or scope for corruption.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<h5><b><span data-contrast=\"auto\">Is e-RUPI a cryptocurrency?<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/h5>\n<p><span data-contrast=\"auto\">No. e-RUPI is not a cryptocurrency. A cryptocurrency is based on a blockchain and ownership is secured by private and public keys.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\"> e-RUPI doesn&#8217;t use this type of technology.<\/span><\/p>\n<ul>\n<li><span data-contrast=\"auto\">The Reserve Bank of India (RBI) is reportedly exploring a Central Bank Digital Currency (CBDC) for the country, but this is different from e-RUPI, which has been developed on the UPI. <\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">However, e-RUPI can be a step towards a CBDC.\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"text-decoration: underline;\"><strong>Terms to know<\/strong><\/span><strong>:<\/strong><\/p>\n<ul>\n<li><a class=\"Hyperlink BCX0 SCXW78255466\" href=\"https:\/\/forumias.com\/blog\/introducing-national-digital-currency-in-india-explained-pointwise\/#What_is_the_CBDC_or_National_Digital_currency\" target=\"_blank\" rel=\"noreferrer noopener\"><span class=\"TextRun Underlined BCX0 SCXW78255466\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun BCX0 SCXW78255466\" data-ccp-charstyle=\"Hyperlink\"><span style=\"color: #0000ff;\"><strong>CBDC<\/strong><\/span><\/span><\/span><\/a><\/li>\n<li><strong><a href=\"https:\/\/forumias.com\/blog\/answeredwhat-is-blockchain-technology-discuss-its-advantages-and-potential-applications\/\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #0000ff;\">Blockchain<\/span><\/a><\/strong><\/li>\n<li><span style=\"color: #0000ff;\"><strong><a style=\"color: #0000ff;\" href=\"https:\/\/forumias.com\/blog\/unified-payments-interface-upi\/\" target=\"_blank\" rel=\"noopener\">UPI<\/a><\/strong><\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Source: Live Mint What is the news? Government of India recently launched e-RUPI which can make welfare payments easier and more efficient, and to an extent looks like the precursor of a Central Bank Digital Currency (CBDC). Must Read: What is e-RUPI and how does it work? What will e-RUPI be used for?\u00a0 The most&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/how-e-rupi-can-make-welfare-payments-easier\/\">Continue reading <span class=\"screen-reader-text\">How e-RUPI can make welfare payments easier?<\/span><\/a><\/p>\n","protected":false},"author":10328,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,9],"tags":[8362,4105,3837,8681,713],"class_list":["post-123365","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","category-public","tag-cbdc","tag-digital-currency","tag-digital-economy","tag-e-rupi","tag-welfare-schemes","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":1700772847,"cached_date":1704717885},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/123365","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10328"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=123365"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/123365\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=123365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=123365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=123365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}