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(THE GIST OF PIB) Bharatkosh portal

(September-2023)

Recently, the Union Minister of Civil Aviation launched an e-wallet payment option on Bharatkosh portal.

It is the initiative of the Controller General of Accounts, Ministry of Finance, Government of India.
It provides one-stop services to deposit any fees/fine/other money into the government's account.
It converges all the Civil Ministries/Departments of the Government of India.
It aims to provide 24X7 year-round electronic services to deposit money into Government account using internet-based payment technologies to the users at the door step through the web-based portal.
It thus leverages the e-Governance commitment of the Government to provide e-efficient, e-effective, e-excellent government anywhere anytime.

The e-wallet will be particularly useful for processing of fees for various regulatory approvals in the Bharat Kosh portal.
It acts as a prepaid wallet that would enable registered users to add funds in advance.
Initially, only NEFT/RTGS mode will be allowed for adding funds. The users would also be able to generate receipt and challan instantly.
The process will enable the generation of receipts and challans instantly, eliminating the problem of failed bank transactions.
The facility will only be available to registered Bharatkosh users, wherein a unique wallet ID will be generated for each user to manage the wallet transactions.