Odisha government sets target to provide RuPay card to 11.40 lakh farmers by March. This was informed by the Cooperation minister Damodar Rout to media.
With this now farmers can withdraw limited amount of money from any ATM of any nationalised or private banks through RuPay card.
It should be noted that as per the terms of National Mission on Financial Inclusion, all the agricultural borrowers from the banking system need to be covered under RuPay Kisan Credit Card.
RuPay debit cards are similar any other debit cards. One can access them in the 1.45 lakh ATMs and 8.75 lakh POS terminals across the country. It will also be accepted on 10,000 e-commerce websites. All major public sector banks, including SBI, have started issuing these cards to all their customers. The card also comes with a high end technology chip named EMV (Europay, Master Card and Visa) especially for high end transactions. It also has an embedded micro processor circuit with information about the card holder.