India Initiates Digital Rupee Pilot for PMGKAY Food Subsidies

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India Launches Digital Rupee Pilot for Food Subsidy Under PMGKAY in Puducherry

India Launches Digital Rupee Pilot for Food Subsidy Under PMGKAY in Puducherry

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CNBC TV18•27-02-2026, 09:30

India Launches Digital Rupee Pilot for Food Subsidy Under PMGKAY in Puducherry

•India initiates a pilot project in Puducherry to disburse food subsidies via Central Bank Digital Currency (CBDC) under PMGKAY.
•The new system replaces conventional bank transfers, directly crediting subsidies into beneficiaries' CBDC wallets.
•Beneficiaries can redeem RBI-generated digital coupons (e₹) for foodgrains at Fair Price Shops and authorized outlets.
•Aims to enhance transparency, traceability, and real-time processing while addressing operational challenges.
•The pilot will expand across Puducherry, then to Chandigarh and Dadra and Nagar Haveli, with nationwide implementation pending evaluation.

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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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