Centre takes initiatives to boost cashless digital payment


New Delhi, Dec 5: The central government has taken number of measures to provide incentives to district administrations in order to give a boost to cashless digital payment systems across districts, talukas and panchayats, said an official release on Sunday.

"NITI Aayog has enlisted a series of incentives for the communication campaign for the district authorities and administration to promote the transition to the cashless digital payment systems," it said.

According to the NITI Aayog, some of the initiatives include incentives for digital payments for day to day financial transactions like buying or selling goods/services, and transferring money.

"NITI Aayog will provide logistic support for outreach activities at the district, taluka and panchayat level in form of the seed money of Rs 5 lakh per district administration as a part of the communication campaign. The purpose is to enhance seeding of mobile and Aadhar numbers to the bank account, issue of Rupay cards wherever necessary, issue of PIN wherever necessary, downloading of app wherever necessary and finally achieving two successful transactions," said the release.

It said that the top ten best performing districts will be awarded the Digital Payment Champions of India award while the first 50 Panchayats, which go cashless, will be awarded Digital Payment Award of Honour.

  

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Comment on this article

  • Vincent Rodrigues., Frazer Town,Bangalore

    Tue, Dec 06 2016

    The may begin but it is not viable to adopt this in the present prevailing condition

    DisAgree Agree Reply Report Abuse

  • Flavian, Mangaluru/Kuwait

    Mon, Dec 05 2016

    In India even a beggar may one day become digital beggar.

    DisAgree [3] Agree [14] Reply Report Abuse

  • Gods Own Person, Muscat Oman

    Mon, Dec 05 2016

    Already they implemented
    "Jall Less Sawchale" means
    Water Less Toilets many places in india

    DisAgree [2] Agree [10] Reply Report Abuse

  • nazeer Husain, jeddah saudi Arabi

    Mon, Dec 05 2016

    Cashless society or digital payement requires speed internet and sincere net service providers but in our country the situation is so pessimistic about that.On the other hand digital deposite is not safe where number of softwear available to hack the password for card transaction.

    DisAgree [1] Agree [14] Reply Report Abuse

  • Valerian D Souza, Udupi / Mumbai

    Mon, Dec 05 2016

    Our net connectivity is very poor even in cities.
    Cashless payments facility is good of course.
    But before forcing the same upon hapless citizens, seamless Net connectivity should have been made available.
    Even in 99% Railway stations, Municipalities, Govt Hospitals, Govt property Registrars, Schools & Colleges, Net payment facility is not available!
    In such situation, by not making cash available to hapless citizens, cashless digital payment pushed in haste.

    DisAgree [1] Agree [15] Reply Report Abuse

  • HILARY, Bangalore

    Mon, Dec 05 2016

    Financial terrorism is the name of the game where ordinary public are prevented from accessing their own bank accounts while the rich and the powerful have no such problems.

    DisAgree [5] Agree [12] Reply Report Abuse

  • FLAVIAN DSOUZA, CHIK/BENGALURU

    Mon, Dec 05 2016

    Our internet connectivity is very poor in rural areas and rather then digital rural ..

    DisAgree Agree [16] Reply Report Abuse

  • George Lawrence, karkala

    Mon, Dec 05 2016

    HOW MANY LAND LINES WORKING IN RURAL AREAS?

    DisAgree Agree [12] Reply Report Abuse

  • Amith, udupi

    Mon, Dec 05 2016

    india has 67% poor and 33% middle and elite class and out of which 17% poor have mobile (not many have smart phone ) and 22% of middle class/elite use a smart phone ..so if we can achieve cashless economy with this reality ..without building internet network and data network ..

    DisAgree [4] Agree [19] Reply Report Abuse

  • Dev, Mangalore

    Mon, Dec 05 2016

    Good Initiative!
    But it has its own drawbacks, should all the people demand physical cash, then with no cash in Banks or in circulation the whole system will collapse. At present Gold or Silver of equivalent value is kept by RBI should their promise to pay the bearer of the currency arise, but without this need the system is creating a fragile bubble.
    Should a hacker attack the system, should internet is down or during natural calamities everything will collapse, what should people do?
    In a scenario when a govt., one fine day announces it erases all the money above a limit from the system, what choice people have?
    This system is pro authoritarian governments like Communists or those of Capitalist who are controlled by a few syndicates.
    Money is shown in figures & can lead to multiple transactions without physical existence of it. Should a "Bubble" gets created in such a way what are its effect when it breaks?

    DisAgree [8] Agree [20] Reply Report Abuse

  • Valerian D Souza, Udupi / Mumbai

    Mon, Dec 05 2016

    Mr. Dev,
    Currently I believe, RBI does not maintain exact gold reserve for minting more money.
    Currently I believe,India follows Minimum Reserve System.
    As per the systems, RBI maintains gold and foreign exchange reserves of Rs. 200 crores.

    DisAgree [2] Agree [11] Reply Report Abuse


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