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The Niti Aayog has made a case for setting up an effective enforcement mechanism at the district level to promote financial inclusion.
In its presentation made at the conference on transformation of aspirational districts last week, it suggested the creation of a fixed regulatory framework for QR codes.
The government think-tank said there should be zero charges for transfer to accounts through BHIM/UPI.
Financial inclusion requires an effective enforcement mechanism at the district level, according to the presentation which was released today.
To promote digital transaction, it also suggested citizen-government transactions through digital means only and ensuring each panchayat becomes a 'digital panchayat' that has an ATM/banking correspondent.
Increasing awareness and financial literacy is required and there is also need to increase ratio of settlement against claims, it added.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)