MeitY set up the Digidhan Mission in June 2017 for the promotion of digital payments. The Mission has been a primary catalyst to promote the digital payment ecosystem in India. Under the engagement, CDFI placed its resources at the Ministry who provided advisory on Govt. policy and regulation, technical and execution support to MeitY. Some of the key activities performed under the engagement are:
CDFI team closely worked with various stakeholders (Banks, NIC, MeitY (IFD,PAO etc) & RBI) and assisted in preparing SOP; automation of MDR portal for processing banks’ claims, processing of transactional data; Preparation of due diligence report; and supporting various processes culminating in issuing of sanction letter to RBI for disbursement of funds to respective banks.
Ran a financial literacy campaign, DigiVAARTA to interact with citizens through SMS, mobile app & outbound dialler. Successfully ran DigiVAARTA campaign for 1.2 crore citizens across the country.
Conducted a research study to analyse the impact of the MDR Reimbursement Scheme by using digital transactions data through CDFI’s home grown big-data analytics platform “SANKALP”. This analysis helped MeitY in understanding the impact of the MDR Reimbursement Scheme on the promotion of digital payments in the country.