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Economy 1 min read

India's First CBDC-based Public Distribution System Launched in Gujarat

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The Union Home Minister launched India's first Public Distribution System using Central Bank Digital Currency in Gandhinagar. Run by the Food and Public Distribution Ministry with the RBI and the Gujarat Government, the pilot gives beneficiaries programmable digital rupee (e₹) coupons in their wallets to buy subsidised grain at Fair Price Shops. It starts in Ahmedabad, Anand, Valsad and Surat and will extend to Chandigarh, Puducherry, and Dadra & Nagar Haveli and Daman & Diu, enabling secure, traceable, real-time transactions.