Miscellaneous News

Akshvi Digital Wallet

April 27 , 2025 9 hrs 0 min 52 0

A one-of-its-kind e-digital wallet for disasters - Akshvi - has been launched in India.
Akshvi is an acronym for Aapda Kshati Vivaran (Disaster Damages Description).
It empowers the communities to self-report their losses, ensures their needs are prioritised, and tracks their progress transparently through digital e-wallets.
It will bring all the affected communities across the country on a single digital platform.
The ‘E- disaster wallets’ created for each household are now being linked to long-term social welfare schemes of the government, and index-based insurance programmes.