S.

K SCHOOL OF BUSINESS
MANAGEMENT
NAME :- DHRUVAL P PATEL
GUIDED BY :- DR. C.P THAKOR SIR

TOPIC :- IS INDIA READY FOR A CASHLESS

ECONOMY

SEMESTER :- 1
 About the Cashless India
Initiative.

Digital India Launched :- On 1st July 2015

Cashless India
 Initial Steps :-

 Jan Dhan Yojana Scheme

 11 Crore card issued till 31st Jan, 2015
Demonetization
 On 8th November, 2016 Demonetization was launched Black Money
Will end by Cashless India.
Cashless simply means using less cash,
everywhere we use cash. Which might
be..

•HOSPITALS
•PUBLIC TRANSPORTS
•TOLLS
•SCHOOLS
•PETROL STATIONS
•KIRANA STORES
WHY CASHLESS?

Saves money and time:

Less Cash Decreased
crimes
Avoid risk of caring cash
Freedom in Cash of Change in
odd Cash Transactions
Fake Currency can be avoided

E S Tracking of Transactions is

A G E possible

N T PL
VA EO
AD O P
T
Benefits of Cashless Society:

1)Cost Reduction
2)Risk Reduction
3)Efficient and Convenient
4)Tracking Spends
5)Increased Transparency
6)Promotion
 1. COST REDUCTION

1. Reducing cost of printing of

cash
2. Reducing cost of storing of
cash
3. Reducing cost of
transportation of cash
2. Risk Reduction
 3. Efficient and
Convenient

E-transactions are convenient for both

banks and customers. This kind of
transactions can take place in any corner
of the world 24*7*365
 4. Tracking Spends

"If all transactions are on record, it will be very easy for

people to keep track of their spending. It will also help
while filing income tax returns and, in case of a scrutiny,
people will find it easy to explain their spends," says
Manoj Nag pal, CEO, Outlook Asia Capital. "Besides the
tax, it will have a good impact on budgeting," says Jayant
Pai, Head, Marketing, PPFAS Mutual Fund.
 5. Increased
Transparency

• It helps in reducing
corruption
•It helps in reducing black
money
6. Promotion
 RECENT DIGITAL PAYMENTS MODES

Banking cards
(Debit/Credit Cards )
Banks Prepaid cards
Internet banking
USSD
Mobile wallets
Point of sale
Micro ATMs
AEPS
UPI
THANK
YOU