In the wake of Prime Minister Narendra Modi’s call for a cashless economy, all CBSE-affiliated schools will opt for digital mode of transactions from January, 2017. CBSE-affiliated schools across will stop accepting fees in cash. Institutions will only accept e-payments. Apart form this, staff’s salaries will not be paid in cash. This move will be a boost for PM Modi’s ‘digital India’ dream. Earlier, PM Narendra Modi had directed his senior ministers to enlighten the people about merits of using e-wallets and other digital payment methods. The renewed push to make India less reliant on hard currencies came a day after the Prime Minister exhorted the people to use debit cards and other digital payments while purchasing essential items.
According to government sources, the Prime Minister asked his ministers to start the promotion of cashless economy with their own staffs followed by their Ministry and then constituency to appeal to larger masses. Finance Minister Arun Jaitley also spoke to Bihar Chief Minister Nitish Kumar amongst the others to form a sub-committee to give impetus to a cashless economy.
In the 26th edition of Mann KI Baat programme, Prime Minister Modi said, “I know cashless economy is different. Why not move towards a cashless society? Need your physical support in this. I took this decision for the country’s poor, farmer, labour, deprived and for those who are suffering. I reiterate that I need your support; I am positive that you will help me in this; take a pledge that you will be a part of this cashless economy.”
Speaking about the demonetisation drive and its impact on the path of a cashless economy, PM Modi had said that Indian had a historic opportunity to embrace the increased cashless payments and integrate the latest technology in the economic transactions.