Details
GOI PARTNERS CAIT FOR ONLINE BANKING
01-Jul-2019
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5 Lakh CSCs For 70 cr Traders
KHL News Bureau
[email protected]
Five lakh common service centres (CSCs) of the Union government will partner with the Confederation of All India Traders (CAIT), in association with the HDFC Bank and Mastercard to facilitate the adoption of digital technology by an estimated 7 crore traders across India. This was announced at a function to mark the launch of “Digi Vyapari-Safar Vyapari” campaign in New Delhi on Thursday.
This is expected to accelerate the acceptance of digital payments among merchants across India by linking them with e-commerce portals by creating online showrooms and empowering them with digital technology. CAIT has partnered with HDFC Bank, Mastercard, Common Service Centres (CSCs) of the Ministry of Electronics & Information Technology (Meity) and Global Linkers for this grassroots outreach to traders and small merchants in the rural and urban economy.
CSC e-Governance CEO, Dinesh Tyagi said, “I am excited to embark on this new initiative that will aim to empower India’s vast base of small traders who are the backbone of India’s economy. By associating with CAIT, HDFC Bank we stand committed to PM Modi’s vision of digital India.”
India has a network of over 5 lakh CSCs that at least mentor a couple of village-level entrepreneurs each besides providing employment to 12 Lakh people to digitally deliver services to the citizens. The village level entrepreneurs (VLEs), who run CSCs franchisee in rural areas have a connect with local communities and will be leveraged to drive digital financial literacy and adoption programs in remote locations which otherwise do not have access to formal banking. The 40,000 trade associations affiliated with CAIT will play the role of catalyst in bringing traders and CSCs together for availing its benefits.
CAIT Secretary General Praveen Khandelwal said realising that e commerce will play an important role in business, the CAIT will make live showroom for traders on e commerce portals with integrated facilities of digital payments, logistics and live chats. “The portal will do not only B2B but B2C business activities also and will be linked with Business Sans Border program of Singapore Government which will provide overseas markets to Indian traders. He further said that it is a unique initiative being introduced for the first time in the country that will harness the reach and influence of the CSCs to achieve deeper penetration of digital payments in the country. With the right balance of physical and digital infrastructure through collaboration with Mastercard and HDFC, there will be further thrust to the digitization of MSMEs, especially in terms of availability of capital and incentivising digital payments,” he said.
Smita Bhagat, Head – Government & Institutional Business and e-Commerce, HDFC Bank said, “We are proud to partner in this initiative that will make a big difference in the lives of small traders and merchants by ensuring that they have easy access to the business finance and banking resources. It also ties in well with our ongoing social programmes which straddle financial literacy, financial inclusion and income-generating skilling at the bottom of the pyramid.”
Ravi Aurora, Executive Director, Global Policy Affairs and Community Relations, Mastercard said, “Mastercard has worked for years with CAIT to enhance awareness and adoption of digital payments in India. Through this enhanced partnership and initiative, we want to empower village-level entrepreneurs as well as build their capacity to help digitize the businesses of Indian traders. This initiative will play a crucial role in driving financial inclusion and help in the penetration of digital payments to the last mile. This announcement complements our India focus and our recently announced billion dollar commitment in furtherance of Digital India.”
”Mr. Sameer Vakil, Chief Executive Officer, GlobalLinker said “Our vision of making business growth of SMEs globally, simpler, more profitable and enjoyable receives a huge boost with our partnership with CAIT and in the use of GlobalLinker to digitise India’s SME Traders. We stand committed to digitising and connecting SMEs, globally and are proud to be supporting Make in India ( for the world) and Digital India.””
“5 Lakh CSCs For 70 cr Traders
KHL News Bureau
[email protected]
Five lakh common service centres (CSCs) of the Union government will partner with the Confederation of All India Traders (CAIT), in association with the HDFC Bank and Mastercard to facilitate the adoption of digital technology by an estimated 7 crore traders across India. This was announced at a function to mark the launch of “Digi Vyapari-Safar Vyapari” campaign in New Delhi on Thursday.
This is expected to accelerate the acceptance of digital payments among merchants across India by linking them with e-commerce portals by creating online showrooms and empowering them with digital technology. CAIT has partnered with HDFC Bank, Mastercard, Common Service Centres (CSCs) of the Ministry of Electronics & Information Technology (Meity) and Global Linkers for this grassroots outreach to traders and small merchants in the rural and urban economy.
CSC e-Governance CEO, Dinesh Tyagi said, “I am excited to embark on this new initiative that will aim to empower India’s vast base of small traders who are the backbone of India’s economy. By associating with CAIT, HDFC Bank we stand committed to PM Modi’s vision of digital India.”
India has a network of over 5 lakh CSCs that at least mentor a couple of village-level entrepreneurs each besides providing employment to 12 Lakh people to digitally deliver services to the citizens. The village level entrepreneurs (VLEs), who run CSCs franchisee in rural areas have a connect with local communities and will be leveraged to drive digital financial literacy and adoption programs in remote locations which otherwise do not have access to formal banking. The 40,000 trade associations affiliated with CAIT will play the role of catalyst in bringing traders and CSCs together for availing its benefits.
CAIT Secretary General Praveen Khandelwal said realising that e commerce will play an important role in business, the CAIT will make live showroom for traders on e commerce portals with integrated facilities of digital payments, logistics and live chats. “The portal will do not only B2B but B2C business activities also and will be linked with Business Sans Border program of Singapore Government which will provide overseas markets to Indian traders. He further said that it is a unique initiative being introduced for the first time in the country that will harness the reach and influence of the CSCs to achieve deeper penetration of digital payments in the country. With the right balance of physical and digital infrastructure through collaboration with Mastercard and HDFC, there will be further thrust to the digitization of MSMEs, especially in terms of availability of capital and incentivising digital payments,” he said.
Smita Bhagat, Head – Government & Institutional Business and e-Commerce, HDFC Bank said, “We are proud to partner in this initiative that will make a big difference in the lives of small traders and merchants by ensuring that they have easy access to the business finance and banking resources. It also ties in well with our ongoing social programmes which straddle financial literacy, financial inclusion and income-generating skilling at the bottom of the pyramid.”
Ravi Aurora, Executive Director, Global Policy Affairs and Community Relations, Mastercard said, “Mastercard has worked for years with CAIT to enhance awareness and adoption of digital payments in India. Through this enhanced partnership and initiative, we want to empower village-level entrepreneurs as well as build their capacity to help digitize the businesses of Indian traders. This initiative will play a crucial role in driving financial inclusion and help in the penetration of digital payments to the last mile. This announcement complements our India focus and our recently announced billion dollar commitment in furtherance of Digital India.”
”Mr. Sameer Vakil, Chief Executive Officer, GlobalLinker said “Our vision of making business growth of SMEs globally, simpler, more profitable and enjoyable receives a huge boost with our partnership with CAIT and in the use of GlobalLinker to digitise India’s SME Traders. We stand committed to digitising and connecting SMEs, globally and are proud to be supporting Make in India ( for the world) and Digital India.””
