Programmable fiscal instruments for welfare delivery: The case for Annapurna coin and a welfare digital public infrastructure in India
January 27, 2026
Abstract
Introduces programmable fiscal instruments as budget-issued, purpose-locked welfare instruments embedded within a Welfare Digital Public Infrastructure framework. Examines Annapurna Coin and Milk Coin as design cases for outcome-specific delivery without monetary implications.
Keywords: Programmable fiscal instruments; welfare delivery; Welfare DPI; Annapurna Coin; India Stack
Suggested citation:
Shekhar, V. (2026). Programmable fiscal instruments for welfare delivery: The case for Annapurna coin and a welfare digital public infrastructure in India. SPJIMR Paper Series, PP-2026-03. https://doi.org/10.5281/zenodo.18390483
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