The Reserve Bank of India on Monday directed all state level bankers’ committees to find out one district each on a pilot basis to expand digital payments ecosystem.
With a view to expanding and deepening the digital payments ecosystem, it has been decided that all state/UT Level Bankers Committees (SLBCs/ UTLBCs) will identify one district in their respective states/ UTs on a pilot basis in consultation with banks and stakeholders, the RBI said in a notification.
The State Level Bankers’ Committee has been constituted in April 1977, as an apex inter-institutional forum to create adequate coordination machinery in all states, on a uniform basis for development of the state.
The development comes after the RBI’s policy announcement last week.
“The identified district shall be allotted to a bank having significant footprint which will endeavour to make the district 100 per cent digitally enabled within one year, in order to enable every individual in the district to make/ receive payments digitally in a safe, secure, quick, affordable and convenient manner,” the RBI said.