{"id":1269,"date":"2023-03-07T12:29:00","date_gmt":"2023-03-07T06:59:00","guid":{"rendered":"https:\/\/edunovations.com\/currentaffairs\/?p=1269"},"modified":"2023-04-19T17:21:01","modified_gmt":"2023-04-19T11:51:01","slug":"rbi-digital-payment-mission-rbi-launches-mission-to-make-every-citizen-a-user-of-digital-payment","status":"publish","type":"post","link":"https:\/\/edunovations.com\/currentaffairs\/banking\/rbi-digital-payment-mission-rbi-launches-mission-to-make-every-citizen-a-user-of-digital-payment\/","title":{"rendered":"RBI digital payment mission : RBI Launches &#8220;DilSe&#8221; Mission to Promote Digital Payments: Benefits and Measures"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_83 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/rbi-digital-payment-mission-rbi-launches-mission-to-make-every-citizen-a-user-of-digital-payment\/#RBI_digital_payment_mission_RBI_Launches_Mission_to_Make_Every_Citizen_a_User_of_Digital_Payment\" >RBI digital payment mission : RBI Launches Mission to Make Every Citizen a User of Digital Payment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/rbi-digital-payment-mission-rbi-launches-mission-to-make-every-citizen-a-user-of-digital-payment\/#B_Why_this_News_is_Important\" >B) Why this News is Important:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/rbi-digital-payment-mission-rbi-launches-mission-to-make-every-citizen-a-user-of-digital-payment\/#C_Historical_Context\" >C) Historical Context:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/rbi-digital-payment-mission-rbi-launches-mission-to-make-every-citizen-a-user-of-digital-payment\/#D_Key_Takeaways_from_%E2%80%9CRBI_Launches_Mission_to_Make_Every_Citizen_a_User_of_Digital_Payment%E2%80%9D\" >D) Key Takeaways from &#8220;RBI Launches Mission to Make Every Citizen a User of Digital Payment&#8221;:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/rbi-digital-payment-mission-rbi-launches-mission-to-make-every-citizen-a-user-of-digital-payment\/#Important_FAQs_for_Students_from_this_News\" >Important FAQs for Students from this News<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/rbi-digital-payment-mission-rbi-launches-mission-to-make-every-citizen-a-user-of-digital-payment\/#Q1_What_is_the_mission_launched_by_RBI_for_digital_payments\" >Q1. What is the mission launched by RBI for digital payments?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/rbi-digital-payment-mission-rbi-launches-mission-to-make-every-citizen-a-user-of-digital-payment\/#Q2_What_is_the_objective_of_the_%E2%80%9CDilSe%E2%80%9D_mission\" >Q2. What is the objective of the &#8220;DilSe&#8221; mission?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/rbi-digital-payment-mission-rbi-launches-mission-to-make-every-citizen-a-user-of-digital-payment\/#Q3_What_are_the_measures_taken_by_RBI_to_achieve_the_objectives_of_%E2%80%9CDilSe%E2%80%9D_mission\" >Q3. What are the measures taken by RBI to achieve the objectives of &#8220;DilSe&#8221; mission?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/rbi-digital-payment-mission-rbi-launches-mission-to-make-every-citizen-a-user-of-digital-payment\/#Q4_Why_is_the_promotion_of_digital_payments_important\" >Q4. Why is the promotion of digital payments important?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/rbi-digital-payment-mission-rbi-launches-mission-to-make-every-citizen-a-user-of-digital-payment\/#Q5_What_are_the_benefits_of_digital_payments\" >Q5. What are the benefits of digital payments?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/rbi-digital-payment-mission-rbi-launches-mission-to-make-every-citizen-a-user-of-digital-payment\/#Some_Important_Current_Affairs_Links\" >Some Important Current Affairs Links<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"RBI_digital_payment_mission_RBI_Launches_Mission_to_Make_Every_Citizen_a_User_of_Digital_Payment\"><\/span>RBI digital payment mission : RBI Launches Mission to Make Every Citizen a User of Digital Payment<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Reserve Bank of India (RBI) has launched a mission to make every citizen a user of digital payment. The mission aims to achieve the goal of a less-cash society and promote digital payments as the preferred mode of payment. The RBI Governor, Shaktikanta Das, launched the campaign, which will focus on creating awareness about digital payments and their benefits.<\/p>\n\n\n\n<p>The mission will be implemented through a multi-stakeholder approach, with various stakeholders such as banks, payment system operators, merchants, and consumers. The RBI will work closely with these stakeholders to create awareness about digital payments and promote their usage.<\/p>\n\n\n\n<p>The campaign will focus on creating awareness about the benefits of digital payments, such as convenience, security, and transparency. The RBI will also provide education and training to consumers to help them understand the various digital payment options available to them.<\/p>\n\n\n\n<p>The mission is expected to have a significant impact on India&#8217;s economy by reducing the use of cash and increasing the use of digital payments. The move is also expected to promote financial inclusion and help small businesses grow by making digital payments more accessible and affordable.<\/p>\n\n\n\n<p>In conclusion, the RBI&#8217;s mission to make every citizen a user of digital payment is a step towards achieving a less-cash society and promoting digital payments as the preferred mode of payment. The mission is expected to have a significant impact on India&#8217;s economy and promote financial inclusion.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\" id=\"RBI-digital-payment-mission\"><img decoding=\"async\" width=\"715\" height=\"402\" src=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/RBI-digital-payment-mission.jpg\" alt=\"RBI digital payment mission\" class=\"wp-image-1271\" title=\"RBI digital payment mission\" srcset=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/RBI-digital-payment-mission.jpg 715w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/RBI-digital-payment-mission-300x169.jpg 300w\" sizes=\"(max-width: 715px) 100vw, 715px\" \/><figcaption class=\"wp-element-caption\">RBI digital payment mission<\/figcaption><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"B_Why_this_News_is_Important\"><\/span>B) Why this News is Important:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>RBI Launches Mission to Make Every Citizen a User of Digital Payment<\/p>\n\n\n\n<p>The Reserve Bank of India has launched a mission to make every citizen a user of digital payment. The campaign aims to achieve the goal of a less-cash society and promote digital payments as the preferred mode of payment. The following are the reasons why this news is important:<\/p>\n\n\n\n<p>Promotes a less-cash society: The mission aims to promote a less-cash society by increasing the usage of digital payments.<\/p>\n\n\n\n<p>Promotes financial inclusion: The move is expected to promote financial inclusion by making digital payments more accessible and affordable.<\/p>\n\n\n\n<p>Reduces the use of cash: The mission is expected to have a significant impact on India&#8217;s economy by reducing the use of cash.<\/p>\n\n\n\n<p>Promotes small businesses: Making digital payments more accessible and affordable is expected to help small businesses grow.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"C_Historical_Context\"><\/span>C) Historical Context:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The RBI&#8217;s mission to make every citizen a user of digital payment is a step towards achieving a less-cash society. India has been pushing for a less-cash society for several years now. In 2016, the government of India launched the demonetization drive, which aimed to remove high-value currency notes from circulation and promote digital payments.<\/p>\n\n\n\n<p>Since then, the government has been pushing for digital payments through various initiatives, such as the Digital India campaign and the Unified Payments Interface (UPI). The COVID-19 pandemic has also accelerated the adoption of digital payments as people have become more cautious about using cash.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"D_Key_Takeaways_from_%E2%80%9CRBI_Launches_Mission_to_Make_Every_Citizen_a_User_of_Digital_Payment%E2%80%9D\"><\/span>D) Key Takeaways from &#8220;RBI Launches Mission to Make Every Citizen a User of Digital Payment&#8221;:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Serial Number<\/th><th>Key Takeaway<\/th><\/tr><\/thead><tbody><tr><td>1<\/td><td>The RBI has launched a mission to make every citizen a user of digital payment.<\/td><\/tr><tr><td>2<\/td><td>The mission aims to achieve the goal of a less-cash society and promote digital payments as the preferred mode of payment.<\/td><\/tr><tr><td>3<\/td><td>The campaign will focus on creating awareness about the benefits of digital payments, such as convenience, security, and transparency.<\/td><\/tr><tr><td>4<\/td><td>The mission is expected to have a significant impact on India&#8217;s economy by reducing the use of cash and increasing the use of digital payments.<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">RBI digital payment mission<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Important_FAQs_for_Students_from_this_News\"><\/span>Important FAQs for Students from this News<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q1_What_is_the_mission_launched_by_RBI_for_digital_payments\"><\/span>Q1. What is the mission launched by RBI for digital payments?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p> A. RBI has launched the mission &#8220;DilSe&#8221; to make every citizen a user of digital payments.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q2_What_is_the_objective_of_the_%E2%80%9CDilSe%E2%80%9D_mission\"><\/span>Q2. What is the objective of the &#8220;DilSe&#8221; mission? <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A. The objective of the &#8220;DilSe&#8221; mission is to increase the adoption of digital payments by promoting awareness and education, and addressing security concerns.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q3_What_are_the_measures_taken_by_RBI_to_achieve_the_objectives_of_%E2%80%9CDilSe%E2%80%9D_mission\"><\/span>Q3. What are the measures taken by RBI to achieve the objectives of &#8220;DilSe&#8221; mission?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p> A. The measures taken by RBI to achieve the objectives of &#8220;DilSe&#8221; mission include conducting campaigns, creating awareness materials, partnering with various stakeholders, and introducing new digital payment products.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q4_Why_is_the_promotion_of_digital_payments_important\"><\/span>Q4. Why is the promotion of digital payments important? <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A. The promotion of digital payments is important as it reduces the dependence on cash, promotes transparency and accountability, and contributes to the formalization of the economy.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q5_What_are_the_benefits_of_digital_payments\"><\/span>Q5. What are the benefits of digital payments?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p> A. The benefits of digital payments include convenience, safety, speed, cost-effectiveness, and financial inclusion.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Some_Important_Current_Affairs_Links\"><\/span>Some Important Current Affairs Links<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--1\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/national\/\" target=\"_blank\" rel=\"noreferrer noopener\">State Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--2\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/sports\/\" target=\"_blank\" rel=\"noreferrer noopener\">Sports Current Affairs<\/a><\/div>\n\n\n\n<div 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The mission aims to achieve the goal of a less-cash society and promote digital payments as the preferred mode&#8230;<\/p>\n","protected":false},"author":5,"featured_media":1272,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,10],"tags":[338,337,860,466,339],"class_list":["post-1269","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","category-national","tag-cashless-economy","tag-digital-payments","tag-dilse-campaign","tag-financial-inclusion","tag-rbi"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/1269","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/comments?post=1269"}],"version-history":[{"count":0,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/1269\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/media\/1272"}],"wp:attachment":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/media?parent=1269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/categories?post=1269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/tags?post=1269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}