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cashless India is a move that has assumed significance the backdrop of demonetisation of high value currency by NDA government at the centre on November 8 2016 Prime Minister Narendra Modi announced demonetisation of the currency notes of rupees 500 and 1000 people standing the queues at ATM bank counter to exchange their old currency notes for withdraw the cash then the New Castle Revolution neglected by this move has gradually started changing the mindset of the people who earlier most dependent on currency notes only for doing transactions now the benefits of the cashless India is the cashless transactions does a away any hassle to carry the cash it is in the keep with the worldwide Trends people need not to carry any cash at the transactions are done electronically they invite payment of taxes where applicable this rule out the use of black money that accelerate the face of economic development making it easier for the government is spending on education Healthcare employment and generation for structure and overall view of the people cashless transactions deal to cut the supply of unaccounted money and used in funding of criminals itself the government substantial cost in printing and circulation of the currency now be concluded by a part of digital India programme in the concept of cashless economy of India is centred around the vision of transforming the country into society which is digitally enable and empowered by several modes of cashless transactions
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