India pushes e-rupee through welfare pilots as BRICS digital currency plan takes shape
CoinDesk·2h ago·Neutral
What Happened
India's central bank is operating approximately ten pilot programs routing welfare payments through the e-rupee to boost adoption. The Reserve Bank tests programmable subsidies in Maharashtra and Gujarat, targeting farmers and food subsidy recipients. The e-rupee has reached ten million users since December 2022, though transaction volumes remain modest compared to India's Unified Payments Interface.
Key Entities
IndiaReserve Bank of Indiae-rupeeCBDCBRICSMaharashtraGujaratUnified Payments Interface