PM launches digital payment solution e-RUPI

Published By : Admin | August 2, 2021 | 16:49 IST
e-RUPI voucher is going to play a major role in strengthening the DBT scheme: PM Modi
e-RUPI will help in assuring targeted, transparent and leakage-free delivery for all: PM Modi
e-RUPI is a person as well as a purpose-specific payment platform: PM Modi

Prime Minister Shri Narendra Modi launched digital payment solution e-RUPI, a person and purpose specific digital payment solution, today via video conference. e-RUPI is a cashless and contactless instrument for digital payment.

Addressing the event, the Prime Minister said that the eRUPI voucher is going to play a huge role in making DBT more effective in digital transactions in the country and  will give a new dimension to digital governance. This will help everyone in targeted, transparent and leakage free delivery. He said e-RUPI is a symbol of how India is progressing by connecting people’s lives with technology. He also expressed happiness that this futuristic reform initiative has come at a time when the country is celebrating the Amrit Mahotsav on the  75th anniversary of independence.

He said in addition to the government, if any organization wants to help someone in their treatment, education or for any other work, then they will be able to give an eRUPI voucher instead of cash. This will ensure that the money given by him is used for the work for which the amount was given.

The Prime Minister said eRUPI is person as well as purpose specific. eRUPI will ensure that the money is being used for the purpose for which any help or any benefit is being provided.

The Prime Minister recalled that there was a time when technology was considered a domain of the rich people and there was no scope for technology in a poor country like India. He remembered when this government took technology as a mission, it was questioned by the political leaders and certain types of experts.  He added that today the country has also denied the thinking of those people, and has proved them wrong. Today the thinking of the country is different, it is new. Today we are seeing technology as a tool to help the poor, a tool for their progress.

The Prime Minister noted how technology is bringing in transparency and integrity in transections and creating new opportunities and making them available to the poor. He mentioned that for reaching today’s unique product, foundation was prepared over the years by creating the JAM system which connected mobile and Aadhaar. Benefits of JAM took some time to be visible to people and we saw how we could help the needy during the lockdown period while other countries were struggling to help their people, said the Prime Minister. He noted that in India, more than seventeen and half lakh crore rupees have been transferred directly to the accounts of the people via Direct Benefit Transfer. More than three hundred schemes are using DBT. 90 crore Indian are being benefited in some way or the other through in areas like LPG, ration, medical treatment, scholarship, pension or wage disbursal. 1 lakh 35 thousand crore rupees have directly been transferred to farmers under PM Kisan Samman Nidhi, 85 thousand crore rupees for government purchase of wheat were also disbursed in this manner. “The biggest benefit of this all is that 1 lakh 78 thousand crore rupees were prevented from going to the wrong hands, '' he added.

The Prime Minister noted that development of digital transactions in India has empowered the poor and deprived, small businesses, farmers and tribal population.  This can be felt in the record of 300 crore UPI transactions in the month of July amounting to  6 lakh crore rupees.

The Prime Minister said India is proving to the world that we are second to none in adopting technology and adapting to it. When it comes to innovations, use of technology in service delivery, he said that India has the ability to give global leadership alongside major countries of the world.

The Prime Minister said that the PM Svanidhi Yojana has helped more than 23 lakh street vendors in small towns and large cities of the country. During this pandemic period, about Rs 2300 crore has been disbursed to them.

The Prime Minister said the world is recognizing the impact of the work done in the last 6-7 years for digital infrastructure and digital transactions in the country. Especially in India, a huge base of fintech has been created which is not present even in developed countries, he added.

 

Click here to read PM's speech

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PM to visit Gujarat on 28th February
February 27, 2026
PM to inaugurate Micron Technology’s Semiconductor Assembly, Test and Packaging (ATMP) facility in Sanand
Inauguration marks a historic milestone in India’s semiconductor manufacturing journey
Commercial production and shipment of first Made-in-India semiconductor memory modules to commence
Facility to feature one of the world’s largest raised-floor cleanrooms

Prime Minister Shri Narendra Modi will visit Gujarat on 28 February 2026. At around 3:45 PM, Prime Minister will inaugurate the Semiconductor Assembly, Test and Packaging (ATMP) facility of Micron Semiconductor Technology India Private Limited in Sanand. He will also address the gathering on the occasion.

The inauguration marks a significant milestone in India’s semiconductor manufacturing journey, with the commencement of commercial production and shipment of the first made-in-India semiconductor memory modules from the Sanand ATMP facility. This development represents a major step forward in strengthening India’s position in the global semiconductor value chain.

The project, which had its ground-breaking ceremony in September 2023, was the first proposal approved under the India Semiconductor Mission (ISM). With a total outlay of more than ₹22,500 crore, construction commenced soon after approval, reflecting the Government’s commitment to fast-tracking strategic semiconductor investments in the country.

The Sanand facility, once fully ramped up, will feature approximately 500,000 square feet of cleanroom space, making it one of the world’s largest raised-floor cleanrooms. The facility is designed to serve customers worldwide and address the growing global demand for memory and storage solutions, driven by rapid advancements in Artificial Intelligence and high-performance computing.

The Sanand ATMP facility will convert advanced Dynamic Random Access Memory (DRAM) and NAND semiconductor wafers from Micron’s global manufacturing network into finished memory and storage products, catering to customers across global markets.

The establishment and operationalisation of this facility underscores India’s emergence as a trusted and competitive destination for semiconductor manufacturing and aligns with Prime Minister’s vision of building a resilient and self-reliant technology ecosystem in the country.