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The Economic Times

Global Business / The Economic Times

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India's digital currency push targets its leaky welfare system

India is piloting its digital rupee, the e-rupee, for welfare payments. This initiative aims to improve efficiency and reduce corruption in government subsidies. Farmers like Samadhan Sonawane are receiving funds directly for farm equipment. Similar trials are underway for food distribution. The e-rupee offers programmable features to ensure funds are used as intended.

23 Apr 2026 9:28 am