Launch of CBDC-based DBT in Chandigarh
Summary
- Central Minister Shri Shivraj Singh Chouhan launched CBDC-based DBT in Chandigarh
- The initiative aims to bring transparency in Public Distribution System (PDS)
- CBDC stands for Central Bank Digital Currency, and DBT stands for Direct Benefit Transfer
Key Facts
- · CBDC-based DBT launched in Chandigarh
- · Aims to increase transparency in PDS
- · Central Minister Shri Shivraj Singh Chouhan launched the initiative
Why it matters
The launch of CBDC-based DBT is expected to increase transparency and efficiency in the Public Distribution System, benefiting citizens and reducing leaks in the system
#CBDC#DBT#PDS#Digital Payments#Economy