man ki baat | ₹20,000 crore worth of digital transactions seen daily: PM Modi

Business

In his monthly radio show Mann Ki Baat, Prime Minister Narendra Modi said that small online payments help build a big digital economy

In his monthly radio show Mann Ki Baat, Prime Minister Narendra Modi said that small online payments help build a big digital economy

Prime Minister Narendra Modi said on Sunday that 20,000 crore worth of digital transactions are now taking place in the country every day, assuring that this not only boosts facilities but also promotes an environment of honesty.

Speaking on his monthly Mann Ki Baat radio show, Mr Modi said small online payments are helping to build a big digital economy and many new fintech startups are emerging.

He also urged people with experience related to digital payments and the startup ecosystem to share with others.

“Your experiences can be a source of inspiration to others in the country,” he said.

“Now 20,000 crore worth of digital transactions take place in our country every day. In March, UPI (Unified Payments Interface) transactions reached as much as £10 billion,” he said.

This not only increases the facilities in the country but also fosters an environment of honesty, Modi added.

He said people from all over the country wrote him letters and messages about the Pradhanmantri Sangrahalaya, which was inaugurated on April 14, the birthday of Babasaheb Ambedkar.

There could be no better time than India’s 75 years of independence to commemorate the contribution of the prime ministers, Mr Modi said.

He also urged people to visit a local museum during the holidays and share their experiences using the hashtag “MuseumMemories.”

In his remarks, Mr. Modi noted that, just like in sports, “Divyangjan” perform miracles in arts, science and many other fields.

With the power of technology, they are reaching greater heights, he said.

He also urged people to take every precaution related to COVID-19 in view of the upcoming festivals in May.

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