30 Dec 2016


Get Ready To Win 1 Crore through “Lucky Grahak Yojana”

Get Ready To Win 1 Crore through
“Lucky Grahak Yojana”

As we all know that the central government is trying its best to promote cashless economy in the nation and this time they came up with “Lucky Grahak Yojana” which is more like Digital Payment Lucky Draw. Under this lucky draw scheme, everyday 15,000 people will get a chance to win prizes and this prize money can be up to Rs 1 Crore. The Government has put a heavy investment of Rs 340 Cr for this digital payment lucky draw in order to encourage people to focus on cashless payment methods.
What is in it for you?

Lucky Grahak Yojana offers the opportunity to win prizes and cash daily. There are three different prize categories, which are as follows:
·        Daily Prize
      As the name suggest, everyday 15,000 lucky people will get the chance to win the prize. Prize money will be Rs 1000 and this scheme is going to last for 100 days.

·        Weekly Prize
      This prize category offers greater amount to the people, which is Rs 1 lakh, Rs 10,000 and Rs. 5000.

·        Mega Prize
      Well, this is a great deal and only one lucky person will get a chance to win Rs 1 Crore. There are also prizes for second and third place with an amount of Rs 50 Lakh and Rs 25 Lakh.

Distribution of 15,000 winners

As you see in the table given below there are certain number of winners, allotted to the particular mode of transaction. This is how the distribution of 15, 000 winners has been done.

Mode of Transactions
Daily Winners
RuPay Card
USSD *99#

What is required to be eligible for Lucky Grahak Yojana?

This scheme is very simple to use, as all you need to do is having a bank account and  do all your payment/purchase and transactions through digital payment or cashless method. Following are the digital methods through which consumer can pay cashless:
·        Unified Payment Interface (UPI)
·        USSD *99# Banking
·        Adhaar Enabled Payment System (AEPS)
·        Rupay Card 

Digital wallets not eligible (UPI mode is not integrated) for this scheme:

  •  Paytm
  •  Mobikwik
  •  Freecharge
  •  Pockets
  •  Buddy
  •    Payment through the MasterCard / Visa Debit/credit card

Digital wallets eligible (UPI mode is integrated) for this scheme:
·        Phonepe
·        Paying via UPI mode

If you are wondering when this scheme is going to initiate, well it has already been started unofficially. Do not worry, if you have done any digital payments on or after 8 November 2016 you are eligible for this lucky draw and this scheme is going to end on 13 April 2017. The official date of its beginning was 25 December 2016.
Digital Transaction Limits
In order to keep this scheme unbiased and fair, the transaction subjected to follow a certain limit. There is range of Rs 50 to Rs 3000, if you cross the limit of Rs 3000 you will not be eligible for the lucky draw scheme.

How the Lucky Grahak Yojana Works?
Lucky Grahak Yojana is only for those transactions, which goes through the NPCI platform (Non Profit Authority that manages payment settlements in India).However, for this lucky draw scheme, the payment through the UPI Rupay card, AEPS and USSD is considered. The NPCI settles all these transaction.
·        The NPCI gathers all the transaction IDs of a certain period. Once the transaction is completed the IDs are generated automatically .In the first lucky draw of 25 December, The NPCI has taken eight Crore transaction during 9 November to 24 December.

·        A lucky draw is organized for each category. The NPCI uses special software for this lucky draw scheme the computer chooses the lucky winners of each category.
·        The lucky transaction IDs sent to the respective bank through which the transactions took place. The banks identify the details of the account holder of that transaction. It only takes 24 hours.
·        The bank provides back the bank account numbers of lucky winner to the NPCI.
·        The NPCI credits the prize money of Rs 1000, in each of the account using the Niti Aayog funds.
·        Then, the winners receive Rs 1000 within 2 days in their account.

Results of Lucky Grahak Yojana
Knowing the results is always exciting and especially when it is about lucky draw results. To know the results of this scheme you have to visit the government scheme website, which tells you about the winner of this scheme. You just need to enter your phone number and receive the OTP and after the confirmation, you can check if you won or not.
Procedure to participate in Lucky Grahak Yojana through UPI
  • First, you need to create Your VPA- Virtual Payment Address on any UPI Enabled Bank App.
  • After that, Link with your Bank account and set transaction Pin.
  • You need to ask any Shop nearby where you ‘Pay by Cash’ to create VPA of their Bank AC too.
  • Advice the Shop Owner to generate QR Code of their VPA using link
  • Now, generate and print QR Code and VPA to display at Payment Desk of any shop.
  • From now onwards whenever you buy, pay on his VPA address OR ‘Scan & Pay’ using your UPI App.
  • Now Consumer & trader transaction is totally eligible for ‘Lucky Grahak Yojna’ and ‘Digi Dhan Vyapari Yojna’ for transactions between Rs. 50 – 3000 using UPI.

          Also read: Time to go cashless: Pay Digitally