Bengaluru: Karnataka has become the first state in the country to adopt cashless payment solutions to facilitate the payment of scholarship fees for eligible students. e-RUPI allows cashless payment solutions through a digital QR or SMS chain that can be easily redeemed at the selected institution.
India’s National Payments Partnership (NPCI), State Bank of India (SBI) and e-Governance Department, Government of Karnataka, to enable and implement e-RUPI, a non-cash and contactless payment solution for students under its scholarship programme.
e-RUPI will be used to ensure the leak-proof delivery of tuition fees to eligible students by digitally paying the college or institute by the Karnataka State Government. Karnataka Government will have e-vouchers delivered on mobile phones of eligible students. The coupon code can be received on a regular phone as well.
Click here for more Hyderabad news
Students will be able to redeem the e-RUPI at the designated colleges or institutes for the intended purpose of fee payment.
The Karnataka State Government has included around 176 schemes from its 35 departments on the Direct Benefit Transfer Platform. Apart from the scholarship scheme, other major schemes that are included are Minimum Price Support schemes, PM-Kisan State scheme, CM relief fund, housing schemes and milk incentive scheme.
Rajiv Chawla, Additional General Secretary, Personnel and Administrative Reforms Department (E-Governance), Karnataka State Government said, “e-RUPI is indeed a very powerful tool used by governments as it enables direct transfer of benefits to the target beneficiary with safety and security. The beneficiary gets the benefit according to the system guidelines. Under this initiative, each transaction is mapped with the beneficiary and the institution to ensure that the e-voucher can be redeemed by the college the student is enrolled in.”
To redeem the e-RUPI, the selected institutes will scan a QR code or SMS thread that students display using an app or point of sale device. The process will remove the requirements for any physical token delivery for students to benefit from the scholarship.
Shala Srinivasulu Siti, General Manager, Retail and Digital Banking, SBI said, “e-RUPI (UPI Prepaid Coupon) was launched on August 2 this year by Prime Minister Modi for Covid-19 vaccination as a first use case. Hassle Besides its safe and cashless features, the government has envisaged extending the use of e-RUPI to other use cases such as DBT, scholarships, kerosene oil distribution, subsidized distribution of food pills, donations, and groceries.SBI is one of the leading banks in implementing e-RUPI for other use cases by providing an end-to-end solution for the Karnataka State Government to distribute scholarships to students for their studies.”
Kunal Kalathia, Head of Product at NPCI, said, “We are pleased to offer our e-RUPI solution to the Karnataka Government to empower students with hassle-free scholarships. At NPCI, we are constantly working to harness India’s technological and digital prowess through the continuous development of digital products and services. Pioneering. We believe that e-RUPI is a revolutionary initiative in the direction of ensuring proper and leak-proof delivery of schemes. This is a win-win for both students and colleges. While students receive the voucher, they can redeem it only to pay the fees to the colleges or institutes.”
After the successful implementation of this pilot project, the state is examining the use of the e-RUPI voucher in other schemes such as seed distribution, fertilizer distribution, micro-irrigation projects, issuance of laptops to students and transfer of skilled training.
Now you can have handpicked stories from Telangana today employment cable every day.
Click on the link to subscribe. Click to follow Telangana Today’s Facebook page and Twitter .