CBDC-based Food Subsidy Distribution Pilot project under PMGKAY
Sector: Government • Location: Puducherry, India
Source: News On AIR
The government will launch a Central Bank Digital Currency (CBDC)-based Food Subsidy Distribution Pilot project under the Pradhan Mantri Garib Kalyan Anna Yojana in Puducherry. Food subsidies will be credited to beneficiaries' digital wallets as digital currency tokens issued by the Reserve Bank of India, usable only for purchasing entitled foodgrains at authorized merchants and Fair Price Shops.
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Participants
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Status
Original status | planned |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
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Description
Description | The government will launch a Central Bank Digital Currency (CBDC)-based Food Subsidy Distribution Pilot project under the Pradhan Mantri Garib Kalyan Anna Yojana in Puducherry. Food subsidies will be credited to beneficiaries' digital wallets as digital currency tokens issued by the Reserve Bank of India, usable only for purchasing entitled foodgrains at authorized merchants and Fair Price Shops. The pilot aims to enhance transparency, efficiency, and targeted delivery of food subsidy. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
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Location
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Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
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URL | obfuscated_data,obfuscateddata.com |
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