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India's Digital Rupee Tested in Food Welfare Program
RBI integrates e-rupee into food distribution in two territories, testing CBDC for welfare delivery without naming locations or success metrics.
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The Reserve Bank of India has started using its digital rupee, the e-rupee, for food welfare distribution in two territories, the government said. The pilot integrates the central bank digital currency into existing food assistance programs, aiming to cut leakage and improve accountability.
The territories were not named. The government did not disclose population figures, a timeline for expansion, or the metrics it will use to judge the pilot. The RBI launched the e-rupee in late 2022 and has been expanding the retail version gradually. The welfare integration is the first live test of a CBDC inside a government distribution system at this scale, the government said.