The following incentives have been announced to promote less cash Economy:
- A 0.75 per cent discount on purchases of petrol and diesel using credit or debit cards, e-wallets and mobile wallets.
- Monthly or seasonal tickets in suburban railway networks through digital modes will get a 0.5 per cent discount, effective from January 1 2017
- Railway tickets online will receive free accidental insurance cover worth Rs 10 lakh,
- Railways will provide a discount of 5% on digital payments for railway catering, accommodation, and retiring rooms.
- Public sector insurance companies will provide incentive(s), by way of discount or credit, up to 10% of the premium in general insurance policies and 8% in new life policies of Life Insurance Corporation sold through the customer portals of 4 PSU Insurers.
- Two point-of-sale machines in every village with a population of up to 10 000, and 1 lakh villages will be selected for this scheme.
- A 10 per cent discount will be provided on payments made using RFID or Fast Tags at Toll Plazas on national highways effective till the end of March 2017.
- To enable mobile banking on feature phones, the USSD charges have been rationalized and reduced from Rs.1.50 per SMS to Rs.0.50
- An application for mobile phone payments (*99#) in four languages has been developed
- Service providers' charges have completely waived the charges for limited time.
- Government waived service tax on debit and credit card transactions fee on transaction up to Rs 2,000
- Point of sales machines to be provided to shop keepers at a very low price of Rs. 100 PM.
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