Union Minister Pralhad Joshi has launched a Central Bank Digital Currency (CBDC)-based Direct Benefit Transfer (DBT) pilot initiative under the PM Garib Kalyan Anna Yojana (PMGKAY) in the Union Territories (UTs) of Chandigarh and Dadra & Nagar Haveli.
Under the new mechanism, food subsidies will be transferred directly into the Digital Rupee wallets of beneficiaries instead of conventional bank accounts.