After the announcement of demonetization of Rs.500 and Rs.1000 notes, Prime Minister Narendra Modi came up with another new initiative on Monday. In order to make the cashless economy in India, PM Modi asked all his senior ministers to spread and provide necessary information on different merits of using e-wallets and other digital payment methods.

Narendra Modi also urged people to use their debit cards while buying anything. This will transform India to Digital India.

According to government sources, "the Prime Minister asked his ministers to start the promotion of cashless economy with their own staffs followed by their Ministry and then constituency to appeal to larger masses."

In this regard, a sub-committee has been formed in which Finance Minister Arun Jaitley spoke to Bihar Chief Minister Nitish Kumar and others who were present at the meeting. This committee will help to give force to a cashless economy.

In the 26th edition of Mann KI Baat programme, Prime Minister Modi said, "I know cashless economy is different. Why not move towards a cashless society? Need your physical support in this. I took this decision for the country's poor, farmer, labour, deprived and for those who are suffering. I reiterate that I need your support; I am positive that you will help me in this; take a pledge that you will be a part of this cashless economy."

In his radio program, the Prime Minister also said that there has been 300 percent rise in the use of Rupay card after the poor people started using it.

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BY M. DIVYA SRI