Mann Ki Baat: Expressing satisfaction over the decline in money payments through the festive season, Prime Minister Narendra Modi on Sunday urged people to make payments only by means of UPI or any digital medium and never use money for a month. He additionally urged people to share their experiences and photographs after one month.
The Prime Minister mentioned that that is the second 12 months during which the follow of paying in money has decreased slowly on the event of Diwali. He mentioned that that is very encouraging.
PM Modi urges to make digital fee
“Another big trend has been seen during this festive season. This is the second consecutive year when the trend of buying some goods through cash payments on the occasion of Deepawali is gradually on the decline. That means people are making more and more digital payments now. This is also very encouraging. You can do one more thing. Decide for yourself that for one month you will make payments only through UPI or any digital medium and not through cash. The success of the digital revolution in India has made this absolutely possible. And when one month is over, please share your experiences and your photos with me. I wish you all the best in advance from now itself,” he mentioned.
PM Modi on ‘Vocal for Local’
Prime Minister Modi lauded ‘Swacch Bharat Abhiyan’ and ‘Vocal for Local’ campaigns. He highlighted that many transformations in India are being led by the 140 crore people of the nation. He mentioned a direct instance of this was seen throughout this festive season when people opted to purchase native merchandise and went ‘Vocal for Local’.
“Within the last few days, business worth more than Rs. 4 lakh crore has been done in the country on Diwali, Bhaiya Dooj and Chhath. During this period, tremendous enthusiasm was seen among the people to buy products Made in India. Now even our children, while buying something at the shop, have started checking whether Made in India is mentioned on them or not. Not only that, but nowadays, people do not forget to check the country of origin while purchasing goods online,” mentioned PM Modi.
The Prime Minister mentioned simply because the very success of ‘Swachh Bharat Abhiyan’ is changing into its inspiration, the success of ‘Vocal For Local’ is opening the doorways to a ‘Developed India – Prosperous India’
He went on to add that this marketing campaign of ‘Vocal For Local’ strengthens the financial system of all the nation and is a assure of employment, and growth. “The Vocal For Local campaign is a guarantee of employment. This is a guarantee of development; this is the guarantee of balanced development of the country. This provides equal opportunities to both urban and rural people. This also paves the way for Value Addition in local products, and if ever, there are ups and downs in the global economy, the mantra of Vocal For Local also protects our economy,” he added.
Prime Minister Modi emphasised on the purpose that this sentiment in direction of Indian merchandise shouldn’t be restricted to festivals only. He mentioned that the marriage season has commenced and a few commerce organizations estimate that there might be a enterprise of round Rs 5 lakh crore throughout this marriage ceremony season. He urged people to give significance to merchandise Made in India as they store through the marriage ceremony season.
UPI use in India
India is the only nation the place a cashless fee facility is obtainable by means of UPI. Rather, it’s a should to point out that India itself began the tradition of cashless fee. It was to his shock too when he was launched to the cashless fee service which was being utilized by nearly everybody within the nation and additional praised the power.
Digital fee strategies are gaining momentum in India, with a current survey reporting that 42 per cent of shoppers plan to use the Unified Payments Interface (UPI) for their on-line festive purchasing. Additionally, 57 per cent of respondents indicated that they like UPI for incomes rewards and cashback, notably through the festive season, in accordance to the report carried out by Nielsen Media India on behalf of Amazon India.
