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« : 23.09.2019 06:06 »
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While most of India seems to be happy handing out paper money for small and large transactions alike, a handful of villagesare penning a defining chapter in the making of India鈥檚 鈥榗ashless economy鈥? Cashless villages as they are called Cheap Ryan Ramczyk Jersey , rely on plastic money and onlinemobile payments for their everyday transactions. Albeit initial hiccups, these villages have been successful in minimizing their dependency on cash to a large extent with initiatives from government bodies and banks.


From the country鈥檚 larger perspective, its sustainability and benefits throw open a lot of points that are debatable. In this article, we evaluate these angles, in the light of the success stories that these villages have recorded.



A for Akodra



The proud feat of being India鈥檚 very first cashless village goes to Akodra Cheap Marshon Lattimore Jersey , located in Gujarat's Sabarkantha district. Adopted by ICICI Bank, the village has witnessed a rapid wave of modernization including Wi-Fi access, CCTV coverage, an ATM booth and a tablet-savvy st every adult in Akodrahas a savings bank account with ICICI. And today, for the 1200 people who callAkodra their home Cheap Cameron Jordan Jersey , most everyday transactions, whether it is buying a packet of biscuits or selling milk at the local co-operative, are carried out with a few clicks on their mobile phones.




The Changing Face of India鈥檚 Hinterland



Akodra is not alone in paving the way for India鈥檚 digital future. In the aftermath of the demonetization drive, several other villages have also taken the bold step of going cashless. Currently, there are six villages Cheap Michael Thomas Jersey , including Akodra, that have bravely gone digital 鈥?Dhasai in Maharashtra, Ibrahimpur in Telengana, Dharmasagaram in Tamil Nadu, and Basti of Maner Cheap Alvin Kamara Jersey , Bind Toli of Kurji and Patsa Village of Bihta, all in Patna.



As mentioned earlier, banks are playing a key role in heralding this digital revolution. ICICI Bank in Akodra, Bank of Baroda in the three villages in Patna and Andhra Bank in Ibrahimpur are working closely with local administrative bodiesto briskly implement changes necessary for this economic transformation.


While the end objective might be the same, there are differences in the transaction models being implemented in these villages. For instance Cheap Drew Brees Jersey , the villagers of Akodra rely on mobile banking for their day to day transactions, while inIbrah. Cheap Air Max   Jordan 6 For Sale   Nike Air Max 2018 Sale   Wholesale Jerseys Free Shipping   Cheap NFL Jerseys   Cheap Soccer Jerseys   Cheap Jerseys Wholesale   Wholesale Jerseys   Wholesale NFL Jerseys   Wholesale NFL Jerseys