InvestorQ : How did the common mobility card come in to being?
Akansha Shivdasani made post

How did the common mobility card come in to being?

seema Upadhyaya answered.
3 years ago

The common mobility card (CMC), also known as national common mobility card (NCMC), is an inter-operable transport card that allows holders to pay for their bus travel, toll taxes, parking charges, retail shopping, etc. This card, recently launched by Prime Minister Narendra Modi, can also be used as an ATM card to withdraw money.

The NCMC is an indigenously prepared product. It is a part of the Make In India project. The NCMC was first conceptualized in 2006 as part of the National Urban Transport Policy (NUTP).

This is not the first time such an idea is being implemented. A previous attempt was made but it was not successful on the seamless functioning front and the then Minister of Urban Development Venkaiah Naidu, set up a committee to recommend a card which would be inter-operable across different transport systems in the country.

The Urban Development Ministry then brought in the National Payments Corporation of India (NPCI) with the task of management, clearing and settlement of payments, simulating cards and terminals and maintenance of network.