Essay on "Cashless India"... [250+ words]
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Cashless India or 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 large amount of black money hidden in the country will be brought back to the banking system. This mission started on November 8, 2016 when the government made a revolutionary initiative, suddenly devalued the old notes of 500 rupees and 1000 rupees. We are presenting separate articles in 100, 150, 200, 250, 300 and 400 words in simple language on 'Cashless India' subject to students, out of which students, according to their need, Can choose.
The Indian government suddenly announced the devaluation of the old currency of 500 rupees and 1,000 rupees on November 8, 2016, and this led to an uproar in the whole country. The government raised this step to end the parallel economy being run by black money and fake currency, which was mainly used for the funding of criminals and terrorists. Because of this decision, people struggling to cope with the huge shortage of money had to stand in long queues outside banks and various ATMs to change their old currency and get new currency.
The Indian government suddenly announced the devaluation of the old currency of 500 rupees and 1,000 rupees on November 8, 2016, and this led to an uproar in the whole country. The government raised this step to end the parallel economy being run by black money and fake currency, which was mainly used for the funding of criminals and terrorists. Because of this decision, people struggling to cope with the huge shortage of money had to stand in long queues outside banks and various ATMs to change their old currency and get new currency.
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It is a program started by our prime minister Shri Narendra Damodar Das Modi on 8th November and this program is again against the black money. This program has many advantage and they are as follows.
Firstly, many of the fake currency notes are in use in India and this fake money is mostly used for the funding of important things and for other money transactions by criminals and terrorists.
Secondly, cash in hand is really unsafe and anyone can take it out from our hands and it is really hard to catch the thieves so transaction from mobile is more easy and is really safe.
It has a disadvantage also that India is not a very rich and literate country and everyone doesn't know the use of smartphone and also some don't have money to buy it and the village areas are the most suffered ones .
Hope this helps....
Firstly, many of the fake currency notes are in use in India and this fake money is mostly used for the funding of important things and for other money transactions by criminals and terrorists.
Secondly, cash in hand is really unsafe and anyone can take it out from our hands and it is really hard to catch the thieves so transaction from mobile is more easy and is really safe.
It has a disadvantage also that India is not a very rich and literate country and everyone doesn't know the use of smartphone and also some don't have money to buy it and the village areas are the most suffered ones .
Hope this helps....
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