e-KYC registration mandatory for purchasing ration under CBDC scheme in Union Territory

AI Summary

In a recent initiative, e-KYC registration has become mandatory for ration purchases under the Central Bank Digital Currency scheme in the Union Territory, moving away from the previous cash model for benefits distribution.

The CBDC system, introduced in the Union Territory with effect from February 26 this year, replaces the Direct Benefit Transfer - Cash model followed earlier for distribution of provisions to ration card holders