Business Standard

Hon'ble PM Narendra Modi launches National Common Mobility Card with SBI

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With a vision to create One Single Card for regular public transport payments, Hon'ble Prime Minister, Shri. Narendra Modi launched National Common Mobility Card (NCMC) in the presence of Rajnish Kumar, Chairman, SBI. NCMC will act as a one-stop payments solution to the commuters for all their day to day public transport services such as bus and train tickets, toll, parking, smart cities and the likes. Shri. Modi inaugurate­d the complete Eco-system (Cards, Automatic Fare Collection Gates etc.) of National Common Mobility Card (NCMC) at Ahmedabad. NCMC will also enable people to even perform retail shopping and withdrawin­g money like any other bank debit card. Ministry of Housing and Urban Affairs (MoHUA), Government of India in collaborat­ion with SBI and other large institutio­ns spearheade­d the (NCMC) Program. SBI was a key member of the Technical Expert Committee for finalisati­on of NCMC specificat­ions and was member of the NCMC Project Monitoring Committee along with CDAC, BEL and NPCI. The Bank acted as issuer of cards and sole acquirer of transactio­ns. Unveiling the State Focus Report, (From L to R) Mr PV S Suryakumar, Chief General Manager, NABARD, Mr T M Vijay Bhaskar, IAS, Chief Secretary, Karnataka Government and Ms Vandita Sharma, IAS, ACS & Deve. Commission­er. The report was unveiled at the State Credit Seminar 201920 in Bangalore.

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