Cashless India IN 400 WORDS
Answers
Answer:
Cashless or Cashless India is a campaign which has recently been launched by which the Indian government is moving forward to make cash based economy cash from digital media and thus, in an effort to bring a major change in the economy of the country. is.
However, if we want to make India really cashless, then we have to now try to deal with various challenges. India is a big country and facilitating online transactions through the whole country is not available. Due to lack of cash, people are facing severe situation in small towns and villages. To make Indian economy economically cashless, there is a need to invest large scale in the construction of facilities across the country.
There are many benefits to controlling cash flows with the help of digital technology. Due to non-cash transactions, people have to keep cash in banks and this has increased the liquidity in the banking system. At the same time, it has reduced the flow of black money to some extent. Now more funds are available in banks and financial institutions to support the development of the Indian economy and lend the people. Apart from this, the most important advantage is that this situation will inspire people to pay their taxes in a transparent manner and thus the government has more money to run the various schemes to be prepared for public welfare.
Conclusion
Since monopoly, people have finally started believing in the currency of plastic in the form of credit cards / debit cards and other channels of electronic payment, due to insufficient availability of cash, the online banking market has gained prominence, besides, The e-commerce medium has also become popular for payment and even most people now get Rs 50 for the help of digital means. Are paying. All these events are considered good for the better development of the economy.
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Answer:
Cashless India is a mission which was started by the Indian government under the leadership of Prime Minister Narendra Modi. The purpose of this mission is to reduce the reliance on the cash of the Indian economy so that the hidden black money in the country can be brought back to the banking system. On November 8, 2016, the government initiated a revolutionary initiative, the mission devalued the old notes of 500 rupees and 1000 rupees. Here we are presenting articles in simple language on the topic 'Cashless India' in 100, 150, 200, 250, 300 and 400 words, from which students can choose according to their needs. Here you can find some essay on cashless India in English language for students in 100, 150, 200, 250, 300 and 400 words here.