On Monday, the Indian Information Technology Ministry disclosed a bunch of new initiatives and programs that include BHIM 2.0 that packs in new features, has increased transaction limits, and even supports additional languages.
The registry will act as a single-window portal and an organized Indian software product database. The portal will function as a social media platform for all the stakeholders of the ecosystem, including incubators, accelerators, angel funds, mentors, and venture capitalists- making it the LinkedIn of stakeholders.
The BHIM app, launched in December 2016, is a UPI-based payment interface developed by the National Payments Corporation of India (NCPI) that allows a real-time transfer.
Introducing a ‘Donation’ gateway
According to an official release,
“Some of the striking features marking BHIM 2.0 include a ‘Donation’ gateway, increased transaction limits for high-value transactions, linking multiple bank accounts, offers from merchants, the option of applying in IPO, gifting money.”
BHIM 2.0 also supports three additional languages, apart from the existing 13- Konkani, Bhojpuri, and Haryanvi.
The MSH (MeitY StartUp Hub) has been envisaged as an overachieving collaborative platform that has helped build national coordination and facilitation as an interconnected center for all the activities of the tech startup ecosystem. It will be supporting startups in connecting with mentors and facilitate their scaling from the ideation stage to launching them in the marketplace.