Modi launches schemes to boost cashless economy

Vowing to carry forward the war against corruption and black money post-demonetisation, Prime Minister Narendra Modi on Sunday said the government will soon operationalise a strong law to effectively deal with ‘benami’ properties and this was just the beginning.

Making his last monthly address this year in his “Mann ki Baat” programme, he defended the frequent changes in the rules of demonetisation, saying these have been done to reduce the people’s problems and defeat such forces who are out to thwart his government’s fight against black money and corruption.
While on one hand, Modi noted the hardships faced by the common man due to the cash crunch, he also defended his government’s move and reiterated the benefits of a cashless economy.

The Prime Minister appeared hopeful that the nation will soon adapt to the digital mode of payment. With an eye on cashless economy, Prime Minister Narendra Modi also unveiled two schemes — Lucky Grahak Yojana and Digi Dhan Vyapaar Yojana — for customers and traders alike to promote mobile banking and e-payments.