CASHLESS ECONOMY

 

• 1.      THE DIGITAL INDIA PROGRAMME IS A FLAGSHIP OF THE GOVERNMENT OF INDIA WITH A VISION TO TRANSFORM INDIA INTO A DIGITALLY EMPOWERED SOCIETY AND KNOWLEDGE ECONOMY . “ FACELESS, PAPERLESS , CASHLESS IS ONE OF THE PROFESSED ROLE OF DIGITAL INDIA.

• 2.       THIS CASHLESS ECONMY HAS ALSO HELPED GOVERNMENT TO FIGHT AGAINST BLACK MONEY , UNDECLARED ASSETS AND RECENT COVID PANDEMIC HAS NECCESSITATED CONTACT PAYMENTS AND ALSO BOOSTED THEM TO HIGH LEVEL.

      

• 3.      THE REAL BEGINNING OF CASHLESS ERA WAS THE DEMONITISATION IN 2016.. THIS MADE THE PEOPLE TO GO MAJORLY  USING CASHLESS TRANSACTION.

 

• 4.      EARLIER PEOPLE REFUSED TO DUE IT DUE TO LACK OF AWARENESS BUT SLOWLY SLOWLY HAS YEARS PASSED BY PEOPLE CAME UP WITH IT AND STARTED TO USE IT RATHER THAN USING CASH .

• 5.      ITS ALSO A SAFER AND TRANSPERANCE TRANSACTION, YOU CAN ALSO EARN CASHBACK BY USING IT .

• 6.      DIGITAL PAYEMNT'S METHOD ARE AS FOLLOWS -BANKING CARDS, USSD, AEPS , UPI, MOBILE WALLETS, BANK PRE-PAID CARDS, INTERNET BANKING, MOBILE BANKING, MICRO ATMS.

 

• 7.      PAYTM ,PHONE PAY, GOOGLE PAY ,ETC ARE APPS MADE FOR CASHLESS TRANSACTION ARE USED BY PEOPLE NOW DAYS ON LARGE SCALE.

• 8.      THIS ECONOMY IS ALSO HELPING INDIA TO GROW IN TERMS OF ECONOMY ,TECHNOLOGY ,ETC.

• 9.      BUT PROBLEM IS FOR RURAL PEOPLE BECAUSE THEY ARE WAY AWAY FORM THIS TECHNOLOGY BUT GOVERNMENT IS RUNNING PROGRAMMES FOR THEM IN MANY RURAL AREAS SO THAT THEY CAN BE AWARE OF SUCH TECH.
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• 10.   INDIA IS READY TO BECOME A CASHLESS ECONOMY BECAUSE OF THE CHANGE IN MINDSET OF PEOPLE, EVALUTION OF TECHNOLOGY , INTERNET, AND GOVERNMENT INTIAITIVE'S.
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