Union Budget 2021 update: Rs 1,500 crore for promoting a digital mode of payment

Finance Minister announced the much awaited Union Budget for 2021 under which she announced a fund of Rs 1500 crore  for promoting digital payment services.

Promoting Prime MInister’s vision of digital India, the fund will support the programme, the fourthcoming census of India is said to be the first digital census.


On last year’s address by Prime Minister on the Independence day, the Prime Minister said  “We should encourage digital payment. Today also when we go to villages, there are boards at shops saying “Today Cash, Tomorrow Debt”. I want to tell the countrymen that now instead of this there should be a board reading, ‘yes to digital payment, no to cash’.” Prime Minister Narendra Modi has always been a strong proponent of digital payment and has time and again endorsed digital and cashless economy.

This year’s budget was also the first of it’s kind and the first ever digital budget, this shows the government’s focus and dedication to support the idea of digital India.

Sitharaman, in her speech till now has announced a push to the textile industry, a central university in Leh, a focus on sea-weed farming with a new facility in Tamil Nadu and a new vehicle scrapping policy that aims to provide the auto sector a boost among other announcements. Sitharaman also announced that an additional 1 crore families will now benefit under the Centre’s Ujjwala scheme. Four poll-bound states will see significant spending on its highways.