Cashless Transaction (India)
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Cashless Transaction (Bharat) refers to the Cashless India[1] Campaign and e-Khareed Portal.[2] The former brought about by Indian Prime Minister Narendra Modi' Digital India initiative and indirectly by the 2016 Indian banknote demonetisation in an effort to remove Indian black money. The latter brought about by Indian Prime Minister Manmohan Singh in 2012 to reduce corruption in India and increase transparency in Government procurement processes.
Cashless India
The basic requirement to make a cashless transaction is to have a SIM card activated, feature phone, mobile phone or a smart phone. The instructions to operate the transaction will be delivered on dialing a specific number from the customer’s phone.[3] The vendor also needs to be registered with a National Bank which will provide the vendor with a code.
e-Khareed
ई-खरीद (Hindi) e-Khareed / e-Procurement Portal was created to provide a single point of access to the information on procurement made across various Government of India Ministries and the line Departments.
Awareness Program
Prime Minister Narendra Modi has expressed his views on moving towards a cashless economy and creating an Indian Cashless society for the betterment of the Indian economy and encouraged people of India to use cashless transactions, considering mobile phone usage as a wallet and a bank.
The awareness program related to the implementation of cashless transactions amongst vendors and shopkeepers is under a schedule to be executed.
Initiation by States of India
Goa
Goa is likely to implement the cashless transaction.
Andhra Pradesh
Andhra Pradesh Government is likely to launch a Mobile app for the people to implement cashless transactions in the State.
Odisha
Odisha Government has asked National Banks for cooperation in the usage of cashless transactions by people. In Bhubaneswar, an awareness program was initiated mutually by East Coast Railway and State Bank of India on cashless transaction operations.
Haryana
Haryana Government, in support of cashless transactions, has implemented methods to improve electronic payment transactions. The “e-Kharid” portal is a joint initiative of the Haryana State Agricultural Marketing Board and the Department of Food & Supplies, Govt. of Haryana.
Delhi
In New Delhi to create awareness for cashless transactions, The Parliament of India started a staff food canteen where payment for purchases by staff members will be made by cashless transaction. The BJP party Delhi unit launched an initiative of mobile phone usage as a tool for cashless transactions.
See also
References
- ↑ "Cashless India Government Website".
- ↑ "Government of India Central Public eProcurement Portal".
- ↑ "Cashless transaction in India". The Times of India. 27 November 2016.
External links
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