Centre to test RBI-enabled digital food coupons for free rations
India is piloting a digital food currency, a Central Bank Digital Currency (CBDC), for its free ration scheme in select regions. Beneficiaries will receive digital food coupons in an RBI-enabled wallet, redeemable at ration shops by scanning QR codes. This aims to enhance transparency and prevent leakage in the food security program.
India is piloting a digital food currency, a Central Bank Digital Currency (CBDC), for its free ration scheme in select regions. Beneficiaries will receive digital food coupons in an RBI-enabled wallet, redeemable at ration shops by scanning QR codes. This aims to enhance transparency and prevent leakage in the food security program. What's Your Reaction?
