Abstract
The Digital India programme is a flagship programme of the Government of India with a vision to transform India into a digitally empowered society and knowledge economy. “Faceless, Paperless, Cashless” is one of professed role of Digital India. Go cashless! Spurred by demonetization many Indians have made up their minds to become used to the cashless economy. The purpose of demonetization is to remove black money as well as to encourage cashless transactions for accountability. It is very convenient, easy and most importantly safer than the cash exchange. Ultimately, it is not just convenient for the user but also facilitates to keeping nation and national economy accountable. Will the emphasis on online transactions provide convenience and tangible benefits or just add to stress and additional charges? To incentivize the move towards a cashless economy, the government has come up with a rash of discounts and freebies on digital transactions. As the country moves towards a cashless environment after demonetization, the initial awe and confusion have given way to a flurry of concerns. This brings security from internal terrorism and external terrorism also. India is a country adopting new technologies very fast; birth rate is high and the second largest populated country in the world. Primary sector agriculture is contributing 70% of GDP. Most of the population is living in rural areas where infrastructure facilities are inadequate. One side there are various advantages and other side there are insufficient environment to take a bold step towards cashless society. In this situation cashless economy is a big task. The present paper discusses the issues and challenges of cashless transactions in India
Key Words: - Digital India, demonetization, Cashless,
References
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