Digital India: The Schemes that you as a shop owner should be familiar with.

The Government of India began the Digital India initiative to guarantee that all citizens have access to government services via the internet. This goal is reached through building online infrastructure and boosting internet access, or by making India technologically enabled.

Across many areas, including technology, innovation, health, robots, autos, food, education, and so on, India is experiencing a startup boom.

In India, there are already 50,000 startups, with another 50,000 expected to be added by 2024, according to estimates.

The government offers many initiatives to make the process easier for young entrepreneurs who want to launch new firms that will eventually create jobs.

Here are some schemes that every shop owner should know of.

1) AADHAAR ENABLED PAYMENT SYSTEM (AEPS)

AEPS is a bank-led solution that enables online interoperable financial inclusion transactions at the point of sale (MicroATM) utilising Aadhaar verification through any bank’s Business correspondent. It is a payment service that allows a bank client to access his or her Aadhaar-enabled bank account and execute basic banking activities such as balance inquiry, cash deposit, cash withdrawal, and remittances through a Business Correspondent using Aadhaar as his or her identification.

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2) BHIM (BHARAT INTERFACE FOR MONEY)

Bharat Interface for Money (BHIM) is a software that uses the Unified Payments Interface to make financial transactions simple, straightforward, and rapid (UPI). It allows for quick bank-to-bank payments and money collection utilising a mobile phone or a payment address. The Bharat Interface for Money app is presently available for Android devices and can be downloaded from the Google Playstore.

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3) GOVERNMENT E-MARKETPLACE

GeM (Government e-Marketplace) is a single-window solution for online procurement of common-use goods and services by multiple government departments, organisations, and public-sector entities. GeM intends to improve public procurement transparency, efficiency, and speed. It also includes options for direct purchase, e-bidding, and reverse e-auction to help government users get the most bang for their buck. The portal allows all parties, including government users, product sellers, and service providers, to register online.

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4) STARTUP INDIA PORTAL AND MOBILE APP

Startup India is the government of India’s flagship project, with the goal of creating a robust ecosystem for nurturing innovation and startups in the nation, resulting in long-term economic growth and large-scale job creation. Via this effort, the government hopes to empower startups to develop through innovation and design.

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5) DIGIDHAN ABHIYAAN

The initiative aims to enable citizens and merchants to conduct real-time digital transactions through the DIGIDHAN Bazaar. It also aims to assist users in downloading, installing, and using various digital payment systems for carrying out digital transactions by holding DigiDhan Melas across the country.

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6) PRADHAN MANTRI KAUSHAL VIKAS YOJANA (PMKVY)

PMKVY is the Ministry of Skill Development and Entrepreneurship’s flagship programme (MSDE). The goal of this Skill Certification Scheme is to allow a large number of Indian youngsters to participate in industry-relevant skill training that would help them get a better living. Individuals having prior learning experience or abilities will be evaluated and certified as part of the Recognition of Prior Learning programme (RPL).

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These are some Digital India schemes that a shop owner should know of. To read about more schemes, go to https://www.digitalindia.gov.in/ and go through the schemes provided on the website.