Is Gujarat set to launch India's first CBDC-based Public Distribution System on Feb 15?
Synopsis
Key Takeaways
Gandhinagar, Feb 13 (NationPress) On Sunday, Union Home Minister Amit Shah will unveil India's inaugural Central Bank Digital Currency (CBDC)-based Public Distribution System (PDS) at the Mahatma Mandir in Gujarat's Gandhinagar, as reported by government officials on Friday.
This groundbreaking initiative, led by the Gujarat Food, Civil Supplies and Consumer Affairs Department, aims to facilitate subsidy transfers via the Reserve Bank of India-approved CBDC platform.
Developed by Punjab National Bank, this system will enable beneficiaries to receive digital tokens in their wallets, detailing the commodities, quantities, and prices.
The initial rollout will benefit 26,333 families across the Sabarmati zone in Ahmedabad, as well as in Surat, Anand, and Valsad.
Beneficiaries with smartphones will confirm transactions using QR codes, while those with basic phones will obtain one-time passwords through an Aadhaar-based verification process.
In attendance at the launch will be Chief Minister Bhupendra Patel, Union Minister for Consumer Affairs, Food and Public Distribution Pralhad Joshi, and Deputy Chief Minister Harsh Sanghavi.
Alongside the CBDC-based system, the state government will also begin distributing tur and chana in standardized one kg sealed packs for beneficiaries under the National Food Security Act, replacing loose distribution to uphold quality standards.
An 'Annapurti Grain ATM' will also be introduced in the Sabarmati zone of Ahmedabad, designed to operate around the clock, capable of dispensing up to 25 kg of grain in just 35 seconds.
The state will formalize agreements with Care Rating and the Consumer Education and Research Centre to establish a Consumer Responsibility Index for evaluating companies.
A mechanism for conciliation and pre-litigation, aimed at expediting out-of-court resolutions for consumer disputes, will be set up.
Additionally, under the 'Garima Poshan – Suposhit Garudeshwar Taluka' initiative, ₹1.65 crore from the CSR funds of Gujarat State Civil Supplies Corporation Limited will be allocated to combat malnutrition in Garudeshwar taluka of Narmada district.
This project encompasses the establishment of two model anganwadis and targeted health interventions for adolescent girls and expectant mothers.