3. CONTENTS.
1. WHAT IS CASHLESS ECONOMY??
2. METHODS OF CASHLESS ECONOMY
3. ADVANTAGES OF CASHLESS ECONOMY
4. DISADVANTAGES OF CASHLESS ECONOMY
5. REASONS WHY INDIA IS NOT READY TO GO
CASHLESS????
6. WHY GOING CASHLESS IS TOUGH ??
7. WHY INDIA SHOULD GO CASHLESS??
8. WAYS TO GO CASHLESS
9. GOVERNMENT INITIATIVE
10. FUTURE 2020
12. CONCLUSION
4. CASHLESS ECONOMY
A cashless economy is one in which all the transactions are done
using cards or digital means. The circulation of physical currency is
minimal ..
The money transactions are done through
means like debit card, mobile payment, internet
banking , electronic fund transfer ,and other
newly evolved payment channels.
5. METHODS OF CASHLESS TRANSACTION
• Mobile banking
• Internet banking
• Credit /debit card
6. ADVANTAGES OF CASHLESS ECONOMY
• Avoid black money
transaction.
• No more bulky wallets.
• Ease of transaction.
• Freebies ,discounts ,and
even lucky draws.
• Easy way to track spending.
• Less risky.
• No tension of counterfeit
currency.
• Cleaner and greener .
• Economic growth.
7. DISADVANTAGES OF CASHLESS ECONOMY
• No cash/currency at hand .
• If u lose it may take a long
time to procure another .
• Surcharge on goods and
services.
• Risk of computer hacks.
• Someone can steal your card
buy stuff .
• Impractical if you move to
another country .
• Losing phone.
• Higher risk of identifying
the theft.
8. REASONS WHY INDIA IS NOT READY TO GO
CASHLESS???
• Cyber security.
• Network connectivity .
• Internet costs.
• Charges on card transaction.
• Non tech-savvy.
• Smart phone affordability.
• Infrastructure /phone battery.
• Internet blockage.
• Not enough bank accounts.
12. RuPay
PMJDY
AADHAAR
Under PMJDY,
25.78 crore bank
accounts have
been opened in
rural areas and
cards have been
issued..
Benefits and
subsidies in 74
government
schemes are been
done .
In JAN –DHAN ,
AADHAAR and mobile
(JAM) together can help
us move towards
cashless economy
GOVERNMENT INITIATIVE
TO MAKE INDIA CASHLESS
