25/12/2016 12:45 PM IST | Updated 25/12/2016 12:51 PM IST

PM Modi Announces 'Lucky Grahak Yojana' And 'Digi Dhan Vyapar Yojana' To Encourage Cashless Economy

He also thanked people for enduring pains because of demonetisation on 'Mann Ki Baat'


NEW DELHI -- Addressing the nation in the 27th edition of his 'Mann ki Baat' programme, Prime Minister Modi spoke about the two schemes being launched on Sunday to encourage digital transactions -- 'Lucky Grahak Yojana' and 'Digi Dhan Vyapar Yojana'.

He said said 15,000 people who use digital payment modes will be given a reward of Rs 1,000 each by a lucky draw. This amount will be transferred to their accounts.

"This scheme will last for 100 days (from Sunday). As such lakhs of people will get crores of rupees," Modi said.

The Prime Minister said there will be one big draw every week with winning price in lakhs.

"On the occasion of Ambedkar Jayanti -- April 14 2017 -- we will be conducting a bumper draw in which the winning price will be in crores."

Modi said that in the last few days cashless transactions across the country has increased by 200-300% and so has awareness towards online payments and the use of technology for economic transactions.

He thanked people for enduring the "pain" caused by the government's demonetisation move that has caused an unprecedented cash crunch across the country.

"I congratulate people for not only enduring pain but also for giving appropriate answers to those who were trying to mislead them," he said

He said: "Black money hoarders are being nabbed across the country. Secret is that information by common people enables us to do it". He assured that this is not the end but just the beginning of the fight against corruption.

He also said:

Dismissing rumours on political parties being exempt from limits on deposits, the prime minister said:

He also congratulated the Assam government for taking initiatives to promote a cashless economy.

Modi thanked the Rajya Sabha and the Lok Sabha for helping the passage of the the Rights of Persons with Disabilities Bill amidst the uproar over demonetisation.

He wished the nation on the occasion of Christmas while stating that this is a day of service and compassion.

"Jesus not just served the poor but also appreciated the service done by poor. This is real empowerment," he said.

Modi remembered educationist and freedom fighter Madan Mohan Malviya and former Prime Minister Atal Bihari Vajpayee on their birthdays.

"Malviya gave new directions to the modern education in India. He was a fine example of resolution and self-confidence,"

Greeting Vajpayee on his 92nd birthday, Modi said the former Prime Minister and Bharat Ratna recipient took the nation to "new heights" which will be never forgotten.

The Prime Minister said Vajpayee "strengthened the nation" by modernising and promoting country's nuclear power.

Also on HuffPost India

Photo gallery Rare Photos Of Jayalalithaa You May Have Never Seen Before See Gallery