Amit Shah launched a Central Bank Digital Currency-based Public Distribution System in Gandhinagar

¨     Amit Shah launched a Central Bank Digital Currency-based Public Distribution System in Gandhinagar.

¨     This initiative is a major reform in transparent food distribution.
¨     Shah said the Digital India vision of Narendra Modi is now being applied to the food supply system.
¨     He said that India accounts for nearly half of global digital transactions.
¨     CBDC-based PDS will reduce corruption in ration distribution.
¨     The system will remove middlemen from the supply chain.
¨     During the launch event, Shah inaugurated the ‘Annapurna’ machine, which can dispense 25 kg of food grains in about 35 seconds.
¨     The system will be expanded nationwide within three to four years.
¨     CBDC-based PDS will ensure secure and transparent food distribution.