Union Finance Minister Nirmala Sitharaman on Tuesday in the budget announced the introduction of Digital Rupee which will be issued by the Reserve Bank of India starting 2022-23, along with the setting up of 75 digital banking units in 75 districts by scheduled commercial banks.
Finance Minister, said that in recent years, digital banking, digital payments, and fintech innovations have grown at a rapid pace in the country, and the government has been continuously encouraging them to ensure that the benefits of digital banking reach every nook and corner of the country in a consumer-friendly manner.
The Finance Minister said that the Central Bank Digital Currency (CBDC) will give a big boost to the digital economy.
Sitharaman announced that in 2022, 100 per cent of 1.5 lakh post offices will come on the core banking system enabling financial inclusion and access to accounts through net banking, mobile banking, ATMs, and will also provide online transfer of funds between post office accounts and bank accounts.
While announcing the budget FM also announced to provide access to world class education to students at doorstep, a digital university will be set-up with ISTE standards, Finance Minister Nirmala Sitharaman said today in her budget speech.
The content will be made available in different Indian languages and top universities and institutions will collaborate as a network of hub and spoke.
â€œA digital university will be established to provide access to students across the country for world class quality universal education with personalized learning experience at their doorsteps. This will be made available in different Indian languages the university will be built on a network hub and spoke model. The best public institutions in the country will collaborate as a network of hub and spoke,â€ Sitharaman said.
The finance minister said the one class one TV channel programme under the PM e-Vidya scheme will be expanded from 12 to 200 TV channels, adding that this will enable states to provide supplementary education in regional languages for classes 1 to 12 students.