A Rajya Sabha member had brought up that farmers would be not able to utilise plastic cash since they wouldn’t comprehend the procedure.
In any case, the occupants of Dhasai from Thane region demonstrated him wrong, when all the 10,000 inhabitants chose to bear on cashless exchanges, with the establishment of 40 card-swiping machines in their village.
As Mid-Day reports, everyone, appropriate from the doctors to the hair stylist, will utilise just plastic cash.
It was the movement of Ranjeet Savarkar, president of the Savarkar Smarak association, an NGO helping the village go cashless. With the assistance of Bank of Baroda and the Jan Dhan Yojana, villagers will now have the Rupay ATM card.
Bank of Baroda will charge 0.75% exchange charge on exchanges that are lesser than Rs.2000. The plastic cash will demonstrate gainful to around 400 merchants who dwell in Dhasai, making them the principal village in the nation to adjust to the new framework.
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