President Droupadi Murmu on Wednesday highlighted India’s achievements in the direction of the digitalisation of economy in past few years while addressing the joint session of parliament.

“Today, the whole world acknowledges this as a great achievement of India. Even developed countries do not have a digital system like India has. It was beyond the imagination of some people that, even in villages, routine buying and selling will be done digitally,” the President said in her speech.

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She highlighted that today, 46% of the world’s total real-time digital transactions take place in India.

India has recorded 1200 crore UPI transaction last month. This amounts to a record transaction of Rupees 18 lakh crore.

“Other countries of the world are also now providing the facility of transactions through UPI,” she said.

Digital India has made banking more convenient and disbursement of loans easier. The trinity of Jan Dhan Aadhar Mobile (JAM) has helped curb corruption.

“My government has so far transferred Rupees 34 lakh crore through DBT. Thanks to Jan Dhan Aadhar Mobile (JAM), about 10 crore fake beneficiaries have been weeded out from the system,” she said.

This has helped prevent Rupees 2.75 lakh crore from going into wrong hands, she added.

“The facility of DigiLocker is also making life easier. More than 6 billion documents have so far been issued to its users. Digital Health IDs of around 53 crore people have been created under Ayushman Bharat Health Account,” President Murmu said.

As you are aware, today, crores of citizens are working in MSMEs. Our MSME sector is also benefiting enormously from reforms, the President highlighted in her speech.

Our government is working with full commitment to empower the MSMEs and small entrepreneurs. The definition of MSMEs has been expanded. Investment and turnover have been added in the new definition, she said.

Presently, approximately 3.5 crore MSMEs are registered on the Udyam and Udyam Assist Portal. Under the Credit Guarantee Scheme for MSMEs, guarantees of nearly Rupees 5 lakh crore have been sanctioned in the last few years.

This is over six times higher than the amount provided in the preceding decade before 2014, she said.