Finance Minister Mr.Arun Jaitley announced incentives for using cards in various transactions. Here are few announcements made by him:
- A reduction of 0.75% will be given for buying Petrol & Diesel in digital mode
- Monthly, seasonal suburban railway tickets purchased through digital mode to get 0.5% discount effective Jan 1
- Insurance cover worth Rs 10 lakh for those who book railway tickets online
- Payments through digital mode for railways catering, accommodation, retiring room to get 5% discount
- Buying general, life insurance policies from PSU insurers’ websites and premium to get 10% and 8% discount, respectively
- Govt to expedite digital switchover; 2 POS machines will be given to villages with 10K population, 1 lakh villages to be selected
- 10% discount on digital payments for RFID or fastags for highway toll
- Digital transactions of up to Rs 2,000 will be exempted from service tax
- NABARD will give Rupay card to people who have Kisan Credit Card
- Railways to give 5% discount on catering, retiring room on payment by digital mode
