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India CBDC food subsidy pilot to expand to Chandigarh, Dadra and Nagar Haveli, Daman and Diu by June, aims to cut leakages and boost transparent PDS delivery

India CBDC food subsidy pilot to expand to Chandigarh, Dadra and Nagar Haveli, Daman and Diu by June, aims to cut leakages and boost transparent PDS delivery

Under the scheme, beneficiaries receive their Public Distribution System (PDS) entitlement as a digital token in a wallet issued through the Reserve Bank of India's central bank digital currency (CBDC) framework, instead of collecting physical grain at a ration shop.

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