Earn Rs 10 for Every Successful Referral for BHIM app

PM Narendra Modi reveals why he doesn't find his job 'stressful'

About 5,000 students from colleges and other professional courses have been roped in to engage with farmers under the referral scheme for the BHIM-Aadhaar Pay app, which give incentives to spread its use. Both the existing user who refers BHIM and the new user who adopts BHIM would get a cash bonus credited directly to their account under the Referral scheme.

The highlight of the prime minister's address was the launch of an app that will help millions of Indians who have no mobile phone, internet connection, credit and debit card to make digital payments.

Indian Prime Minister Narendra Damodardas Modi, with a thought of better and completely digital India, is implementing new rules and regulations to make sure people do not suffer the consequences of exclusively custom based laws.

As per the Niti Aayog, the Aadhaar Pay is a highly secured app, which uses Aadhaar Payment Bridge (APB) and Aadhaar Enabled Payment System (AEPS).

Prime Minister Narendra Modi today paid tributes to Dr Babasaheb Ambedkar on his 126th birth anniversary at Deekshabhoomi in Nagpur.

Expressing his confidence about India becoming a digital economy soon, the Prime Minister said, "The time is not far when every India, even the poorest would say "DigiDhan is Niji Dhan" (Digital Money is My Money) of the poor". However, the new platform, Aadhaar Pay, is developed for merchants to receive payments from customers digitally over the counter using Aadhaar's biometric authentication.

The Aadhaar Pay platform was launched previous year on December 30th.

Rs 50 to any three unique users (either to customers or to merchants), the referrer and the referee will be notified about the bonus amount via notification in BHIM App. "It is to fight the menace of corruption", he added.

However, the use of BHIM Aadhaar to make digital payments is not without concerns.

When asked a journalist to put light on this announcement, Vipin Gaur, President of Newspaper Association of India (NAI) said, "The change of name is not mandatory, but PM only made it clear the confusion by announcing it publically". He also added that "If the cashless economy is a chariot, the BHIM app is the charioteer". These townships are expected to generate digital transactions in excess of 150,000 on a daily basis.

With a view of achieving 2,500-crore digital transactions during the current fiscal, Modi will announce about 75 townships across as "less-cash townships". Starting today, this scheme will run for six months, until October 14.

Shradha, a girl from Latur in Maharashtra, who won Rs one crore, was felicitated by the PM.