Cashless means less cash, Opposition ‘slow in understanding’: Jaitley at Digi-Dhan Mela

As the government kick-started the Lucky Grahak Yojana and Digi-Dhan Vyapar Yojana for consumers and merchants to push the digital drive, Finance Minister Arun Jaitley said that it is in the interest of every country that it becomes a less-cash economy.

Donning the Santa Clause hat, the government will give 15,000 people rewards of Rs 1,000 each for the next 100 days through a lucky draw. The draw for rewards will be done based on use of such digital payment methods.Prime Minister Narendra Modi in his Mann Ki Baat address said that, “You will be entitled to this gift only if you make use of mobile banking, e-banking, RuPay card, UPI, USSD – such means and methods of digital payment,” In addition, he said, there will be a grand draw once every week for such customers in which the prize money will be in lakhs of rupees.

Reiterating on the importance of digital payments Jaitley said, “I can assure with such initiatives we will have a better nation,a better and cleaner economy in future.” He further stated that from counterfeit currency to terrorism, everything has been a result of heavy dependence on cash economy. “We communicated with many nations regarding information about Indians who have black money stashed overseas,” said Jaitley. Commenting on the real estate sector which was infamous for hoarding cash, he said “If people had to buy property it was asked that how much will be paid in cash and how much by cheque. Such immoral practices prevailed.”

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