President Ram Nath Kovind applauded the vision of the government for the success of the country's Unified Payments Interface platform in the context of Digital India and the growing spread of the digital economy.
The President said, “I would also appreciate the vision of the government for the success of the country's UPI platform in the context of Digital India and the growing spread of the digital economy. In December 2021, more than eight lakh crore rupees have been transacted through UPI in the country.”
He also said that the government has given training to thousands of women self-help group members to include them as 'Banking Sakhi', who are working towards connecting banking services to the rural areas.
The President informed that the government is working on developing 5G i.e., fifth generation wireless technology, to enhance the internet connectivity in the country. “India is one of the nations that has the cheapest internet and mobile phones. We are also working on developing 5G. Our PLI Scheme on semi-conductor will further boost our startups ecosystem,” he added.
He also notified that the government has relaxed various norms in the patents and Trademarks sector and therefore, it has already witnessed 6,000 applications for patents and 20,000 applications for Trademarks in the FY 2021-22.
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