Prime Minister Narendra Modi launched the electronic voucher based digital payment system ‘e-RUPI’ in 2021, as a first step towards introducing digital currency in India. Developed by the National Payment Corporation of India (NPCI) with the support of the Ministry of Health and Family Welfare.

Health Insurance has been there for decades in India, but it has been limited to a small well-to-do section of the population. A majority of the underprivileged population, including a maximum of the rural population was not covered by health insurance, resulting in great financial burden on these people during illnesses and other health crises. This led to huge debt traps for the vulnerable people.