FIPS (FINANCIAL INCLUSION AND PAYMENT SYSTEM) AWARD
To ensure citizen friendly withdrawal system in rural areas with minimum opportunity cost of the withdrawal, to reduce distance and time,to develop a scalable and expandable system.
Rural citizens are not able to easily draw their entitlements from banks, because of inordinate delays in sending those entitlements and even when send, opportunity cost of withdrawal of such receipts are quite heavy and sometime even exceeds the entitlements themselves. To resolve these issues in sustainable manner the project of NIDAN was borne. Every department first generates its e-pay order off-line or on-line which are aggregated at district level with relevant checks for e-payorder.