The government on Thursday announced a host of measures to encourage digital transactions including discounts on petrol and diesel purchases, suburban railway tickets and insurance policies from state owned insurance companies purchased through electronic means.
As per the government’s proposal, customers can avail a discount of 0.75% on purchase of fuel at petrol pumps through electronic means. This is expected to bring down the requirement of cash annually by Rs2 trillion.
Weekly and monthly passes purchased at suburban rail networks through electronic means will also get a discount of 0.5% discount. New insurance policies purchased from state owned insurers online will also receive a discount. While the discount will be 10% for purchase of non-life policies, it will be 8% for purchase of life insurance policies.
Further, online payments for services offered by the Indian railways like catering will also be eligible for a 5% discount.Payments at toll plazas for fast tags and RIFD using digital payments will also receive a 10% discount.