New Delhi, Feb 1: To boost digital payments, Union Finance Minister Nirmala Sitharaman on Monday proposed a Rs 1,500 crore scheme during her budget presentation.

"To give a further boost to digital transactions, I earmark Rs 1,500 crore for a proposed scheme that will provide financial incentive to promote digital mode of payment," Sitharaman said. What Got Expensive And Cheaper After Budget 2021-22? From Petrol, Diesel to Alcohol, Mobiles and Home Appliances, List of Commodities That Got Costlier And Cheaper.

Sitharaman also said that the government has worked out the modalities for the National Research Foundation (NRF), which was announced in her Budget speech of 2019.

The NRF outlay will be Rs 50,000 crore over five years," the Finance Minister said.

"It will ensure the overall research ecosystem in the country is strengthened with focus on identified national priority thrust areas," she added.

(The above story first appeared on LatestLY on Feb 01, 2021 02:11 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).