Question
According to the CBDC subsidy pilot design, which bank
has been designated as the banking partner for the initiative in Puducherry?Solution
The CBDC-based food subsidy pilot in Puducherry will be implemented in collaboration with Canara Bank as the designated banking partner. The project involves coordination among several institutions, including the Government of Puducherry, the Reserve Bank of India (RBI), the Public Financial Management System (PFMS), and Canara Bank. Under the pilot model, eligible beneficiaries will receive programmable CBDC tokens in digital wallets, which can be used only to purchase food grains from Fair Price Shops and authorised merchants.
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