Use cards and get discounts! Jaitley offers incentives to promote cashless society

Finance Minister Arun Jaitley speaks on Demonetisation. Announces the incentives to go digital.

Just a month after the announcement of demonetiation by Prime Minister Narendra Modi, Finance Minister Arun Jaitley  addressed the media and announced a number of incentives while promoting PM Modi’s idea of a digital and cashless economy:

Here are the key announcements made by the Finance Minister:

-Insurance cover worth Rs 10 lakhs will be given to those who book railway tickets through digital mode.

-5% discount on digital payment mode for railway facilities like catering, retiring rooms.

-People buying monthly seasonal tickets in the Suburban railway networks through digital payments mode will be given 0.5% discount. This will be effective from January 1st, 2017 starting from Mumbai Suburban railways.

-NABARD will give RUPAY card to people who have Kisan Credit Card.

-Petrol/Diesel prices will be cheaper for those who pay by digital mode. They will be given 0.75% discount.

-10% discount will be given on RFID and FASTag procured through digital payment at toll plazas across all national highways.

-2 POS machines will be provided to villages with 10,000 populations. 1 Lakhs villages to be selected.