Digital currency to now be used for food subsidy

In a significant move towards modernizing welfare delivery, India's Food Minister has inaugurated a pilot project in Puducherry that utilizes the digital currency e-rupee for food subsidies. This initiative aims to enhance the transparency and efficiency of the subsidy distribution process, ensuring that beneficiaries receive their entitlements directly through digital transactions. By leveraging blockchain technology, the government seeks to minimize leakage and improve accountability within the food subsidy system. The pilot is expected to pave the way for broader implementation across the country, aligning with the Indian government's vision to integrate digital payments into various sectors. This initiative not only marks a step forward in financial inclusion but also reflects India's commitment to adopting innovative solutions to streamline public welfare programs in an increasingly digital economy.