To redeem e-RUPI, the identified institutions will scan the QR code or SMS string displayed by the students using an application or POS machine. This process will eliminate the need for any physical token delivery for students to receive scholarships.
The National Payments Corporation of India (NPCI), State Bank of India (SBI) and the Department of e-Governance, Government of Karnataka have partnered to activate and implement e-RUPI, a cash and non-cash payment solution for students under their scholarship program.
Launched by Prime Minister Narendra Modi, e-RUPI will be used by the Karnataka government to ensure leak-proof delivery of education fees to deserving students through digital payment in colleges / institutes.
The Karnataka government will provide mobile e-vouchers to eligible students. Voucher codes are also available on feature phones. Students will be able to redeem e-RUPI for the purpose of paying fees at the designated college / institute.
“E-RUPI is indeed a very powerful tool for the government to use because it allows the transfer of benefits directly to targeted beneficiaries, including security and safety. The device ensures that beneficiaries receive benefits in accordance with project guidelines. Under the initiative, each transaction is mapped to the beneficiary and the institution so that the e-voucher can be redeemed by the college to which the student is enrolled, “said Rajiv Chawla, Additional Chief Secretary, Department of Personnel and Administrative Reforms (DPAR) (e-Governance). , Government of Karnataka.
To redeem e-RUPI, the identified institutions will scan the QR code or SMS string displayed by the students using an application or POS machine. This process will eliminate the need for any physical token delivery for students to receive scholarships.
Challa Srinivasulu Setti, Managing Director, Retail and Digital Banking, State Bank of India, said, Due to its hassle-free use with its secure and cashless features, the government plans to expand the use of e-rupee in other uses such as DBT, scholarships, kerosene oil distribution, food grain subsidy distribution, donations, groceries. State Bank of India is a leading bank in implementing e-RUPI in other uses, providing the Government of Karnataka with an end-to-end solution for distributing scholarships to students for their studies.
Kunal Kalawatia, Chief of Product, NPCI, said the e-RUPI solution would empower students with hassle-free scholarships. At NPCI, we continue to work to leverage India’s technological and digital expertise by constantly developing path-breaking digital products and services. We believe e-RUPI is a revolutionary initiative to ensure convenient and leak-proof delivery of schemes. And a win-win for both the colleges. When students receive the voucher, they can only redeem it to pay the fees at the college / institute, “said Kalawatia.