Puducherry Pilot: Government Introduces CBDC-Powered Digital Food Currency for PMGKAY Subsidies

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Govt Launches CBDC 'Digital Food Currency' Pilot for PMGKAY Subsidies in Puducherry

The government said digital coupons generated through the Reserve Bank of India will be credited to eligible beneficiaries in the form of programmable CBDC tokens.

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News18•11-03-2026, 16:22

Govt Launches CBDC 'Digital Food Currency' Pilot for PMGKAY Subsidies in Puducherry

•Government initiates CBDC-based 'Digital Food Currency' pilot for PMGKAY food subsidies in Puducherry.
•Subsidies will be credited directly to beneficiaries' CBDC wallets as programmable e₹, replacing conventional bank transfers.
•Tokens are redeemable exclusively for purchasing entitled foodgrains at Fair Price Shops or authorized outlets.
•Aims to enhance transparency, efficiency, and accountability in the Public Distribution System (PDS).
•Pilot to expand across Puducherry, with future rollout planned for Chandigarh and Dadra and Nagar Haveli.

Read Full Article on News18 in English

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