International Journal of Commerce and Management Research

Authors
Dr. Rashmi Gujrati

Abstract
The Digital India programme is a leading programme of the Government of India with a vision to convert India into a digitally authorized society and knowledge economy. “Faceless, Paperless, Cashless” is one of declared role of Digital India. Cashless economies, as the name suggests, are those that run frequently on plastic or digital money and thus with insignificant cash or money in paper form. This is probable in mostly those countries where there is better financial knowledge and citizens are conscious of the welfares of going cashless. A very important influence in the running of such an economy is the self-confidence that the people’s money is safe in banks. Also, going cashless is much more suitable. But, it is not just the coolest way to manage, but also brings about a lot more clearness in the financial system, which helps in limitation black money, depresses tax avoidance and finally leads to smaller funding for prohibited trades and actions counting terrorism. Thus because of the increasing effect of the profits, many developing economies are accepting the cashless method and are going digital. This is an enormous task and requires the infrastructure to be healthy and have a reach in the complete consumer base as well as the traders and businessmen. It is up to the governing forms of the nations to deliver a push to banks and telecom companies to progress the mobile and net banking ecosystem so as to afford a continuous end to end answer to customers as well as brokers.