Banking sector and digital economy:
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In 2022, 100 per cent of 5 lakh post offices will come on the core banking system enabling financial inclusion. This will be helpful, especially for farmers and senior citizens in rural areas, enabling interoperability and financial inclusion.
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The government has proposed to set up 75 Digital Banking Units (DBUs) in 75 districts of the country by Scheduled Commercial Banks to ensure that the benefits of digital banking reach every nook and corner of the country in a consumer-friendly manner.
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The Government proposed to introduce Digital Rupee, using blockchain and other technologies, to be issued by the Reserve Bank of India starting 2022-23 for a more efficient and cheaper currency management system. It will give a boost to the digital economy.