Implementation of Cashless Economy: Measuring the Impact of Awareness and Advantages with Problems with Reference to North India
Amit Uniyal1, Rupa Khanna2, Ranjit Mukherji3, Shipra Gupta4
1Amit Kr. Uniyal, Graphic Era University, Dehradun (Uttarakhand), India.
2Rupa Khanna, Graphic Era University, Dehradun (Uttarakhand), India.
3Ranjit Kr. Mukherji, Graphic Era University, Dehradun (Uttarakhand), India.
4Shipra Gupta, Associate Professor, Department of Commerce, Graphic Era Hill University, Dehradun (Uttarakhand), India.
Manuscript received on 15 June 2020 | Revised Manuscript received on 26 June 2020 | Manuscript Published on 04 July 2020 | PP: 63-69 | Volume-8 Issue-12S3 October 2019 | Retrieval Number: L101810812S319/2020©BEIESP | DOI: 10.35940/ijitee.L1018.10812S319
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open-access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: A new flagship programme was propelled by the government of India called “The Digital India Programme” to enhance and with a vision to transform the economy of the country into a “Faceless, Paperless, Cashless” economy. RBI is having a major role to play and support the government in achieving the goals. In this study we had tried to study the impact of various factors like awareness, advantages and problems in the cashless economy in India and the impact of awareness and advantages on the problems .The empirical study found that all the three factors have their own importance and impact on the cashless economy. There are other factors also which have an impact on cashless economy. In India it is at its adolescent stage.
Keywords: Demonetization; Cashless; IMPS; NEFT; RTGS; AEPS; Point of Sale.
Scope of the Article: Context Awareness and Personalization