Narendra Modi launches cell app, says your thumb is your financial institution now

prime Minister Narendra Modi the previous day launched an Aadhaar-based cellular fee application at 'DigiDhan Mela' here to advertise and make digital transactions easier.

The app is called BHIM (Bharat Interface for money)   are-branded model of UPI (Unified cost Interface) and U.S. (Unstructured Supplementary carrier knowledge).

talking on the get together, Modi stated BHIM app used to be quite simple to use and a thumb affect was once enough to function it.

Modi mentioned the government used to be working to launch a new safety function, by using the use of which transactions can be performed and not using a telephone and internet etc.

"Be it a smartphone or characteristic cellphone of Rs 1,000-1,200, BHIM app can be utilized. there is no want to have web connectivity. One simplest needs a thumb. There used to be a time when an illiterate was called 'angutha chchap'. Now, time has modified. Your thumb is your financial institution now. It has grow to be your id now."

He dedicated the new app to Dr B.R. Ambedkar and stated: "The mantra of Dr Ambedkar used to be to work for the uplift of the negative. And the largest energy of expertise is that it might probably empower the bad."

Taking a dig on the Congress, Modi mentioned right through the earlier United innovative Alliance rule on the Centre, money misplaced in the scams made information but now the nation is speaking about money coming again into the device.
"look at the newspapers or video clips from three years ago -- the information was once all about what we misplaced in scams. then again, as of late, it is about what has come back or what's the acquire," Modi said.

The high Minister recalled the times when India was once referred to as 'sone ki chidiya' (fowl of gold) and mentioned the nation nonetheless had the possible to transform the same again.

He mentioned boosting digital connectivity will "do wonders for our nation", including that the day was once now not far off when the money-based totally transaction will flip utterly digital.

Making a pitch for digital transactions, Modi said 'fortunate Grahak Yojana' and 'DigiDhan Vyapar Yojana' were a Christmas gift to the nation.

Over 100 days, a number of prizes of Rs 1,000 might be given to individuals via lucky draws. The mega draw can be held on April 14, the beginning anniversary of Dr Ambedkar, he introduced.