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Digital Payments In Panchayat UPSC NOTE

 


Digital Payments In Panchayat

  • All panchayats across the country will mandatorily use digital payments for development work and revenue collection from this Independence Day and they will be declared UPI-enabled.

  • Almost 98% of the panchayats had already started UPI-based payments.

  • Payments worth ₹1.5 lakh crore have been made through the Public Financial Management System (PMFS). 

  • Payments to panchayats will now be made digitally. 


  • Payments in cheques and cash have almost been stopped.

  • Panchayats have been asked to hold meetings with service providers and vendors.

  • A list with details of contact persons from UPI platforms GPay, PhonePe, PayTm, BHIM, Mobikwik, WhatsApp Pay, Amazon Pay and Bharat Pe has been shared by the Ministry. 

  • By July 15, panchayats have to choose appropriate service providers, and finalise vendors by July 30, as per guidelines by the Ministry. 


  • Panchayats have also been asked to choose a single vendor which covers the whole area.

  • It has also been recommended to create a centralised dashboard for monitoring transactions in real time.

  • Training camps will be held at the district and block levels for officials.

Need of it

  • Enabling digital transactions will help in checking corruption.

  • From planning to payment, everything is happening digitally.

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Learnerz IAS | Concept oriented UPSC Classes in Malayalam: Digital Payments In Panchayat UPSC NOTE
Digital Payments In Panchayat UPSC NOTE
Learnerz IAS | Concept oriented UPSC Classes in Malayalam
https://www.learnerz.in/2023/08/digital-payments-in-panchayat-upsc-note.html
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