Question: consider following statements about NCMC:
a)It is an initiative under PM Modi’s umbrella initiative of ‘One Nation One Card’.
b) It is an automatic fare collection system.
c) Idea of NCMC was floated by Tarun Ramadorai committee set up by RBI.
Which of the above are correct?
i) a,b
ii) b and c
iii) a,b,c
iv) none of the above
Answer: i)
Context
- PM Modi has launched NCMC services on Delhi Metro’s Airport Express Line.
Facts
- It was launched on 4 March 2019.
- It is an inter-operable transport card that would allow the holders to pay for their bus travel, toll taxes, parking charges, retail shopping and even withdraw money.
- The Idea for this card was floated by Nandan Nilkeni committee set up RBI.
How does it work?
- NCMC is an automatic fare collection system card which allows seamless travel by metro, rails and other transport system across country.
- It turns smart phone into a NCMC compliant card which then can be used for fare payments on designated contacts point available at metro, bus and other transport stations.
- NCMC compliant RuPay debit card can be used for payments and other things like shopping and purchases.
- Ministry of housing & urban affairs brought out this card for national mobility.
This card will push digital economy in the country by enhancing digital payments in various mobility services across the country. It will also reduce dependency on cash.
By – Kameshwar Shukla