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CBDC-Based DBT for PMGKAY Beneficiaries

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CBDC-Based DBT for PMGKAY Beneficiaries
Current Affairs 2026 | Current Affairs Today | Daily Current Affairs |
CBDC-Based DBT for PMGKAY Beneficiaries
Union Minister Pralhad Joshi inaugurated a CBDC-based Direct Benefit Transfer system for PMGKAY food subsidies in Chandigarh and Dadra & Nagar Haveli. The initiative enables beneficiaries to receive subsidies directly in Digital Rupee wallets.

Key Points:

  • Minister: Pralhad Joshi
  • UTs: Chandigarh and Dadra & Nagar Haveli
  • First large-scale CBDC adoption in a central welfare programme.
  • Subsidy transferred directly to Digital Rupee wallets.
  • Beneficiaries can purchase foodgrains from empanelled merchants.
  • PMGKAY launched in March 2020.
  • Provides free foodgrains to 80+ crore vulnerable citizens.
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