Modi Government is putting all arduous efforts towards creating a cash-free and digital India. BHIM app launch is one prime example of that. Today, PM Narendra Modi announced UPI-based mobile payment application called BHIM (Bharat Interface for Money) which is a rebranded version of UPI (Unified Payment Interface) and USSD (Unstructured Supplementary Service Data), at the Digi Dhan Mela event in Talkatora stadium in New Delhi.
You can download the app from Android app store.
PM said, “Be it a smartphone or feature phone of Rs 1,000-1,200, BHIM app can be used. There is no need to have Internet connectivity. One only needs a thumb. There was a time when an illiterate was called 'angutha chchap'. Now, time has changed. Your thumb is your bank now. It has become your identity now”.
The app is dedicated and named after Dr. B.R. Ambedkar. PM said, “The mantra of Dr Ambedkar was to work for the uplift of the poor. And the biggest power of technology is that it can empower the poor."
With launching the app, PM Modi recalled India’s “sone ki chidiya” days and assured of bringing the same old days for nation.
PM Modi talked about great hopes associated with this app and massive benefits in coming future. One of them was loan facility in five minutes, PM said hopefully.
He also urged people to conduct atleast five transactions with its help from January 1, 2017.
To start making payment, you simply need to register your bank account with BHIM and set a UPI PIN for your bank account. Here, your contact/mobile number acts as your payment address and transactions begin.
With this app, you can pay up to Rs. 10,000 in one go and Rs. 20,000 in 24 hours.
Currently app supports Hindi and English and will be supportive of many languages in coming days.
During this event, they also announced Tihar Jail as cashless society.
PM not only announced winners of Lucky Grahak Yojana at the event but also made payment to Khadi using the Bhim mobile application.
