The State BJP Mahila Moracha (BJMM) today hailed the Union Government’s move to declare Digital and Cashless Economy Package to overcome cash crunch crisis due to demonetization of high currency denominations. Mr. Prem Chand, spokesman of BJMM claimed in a press statement issued today that it was historical step by the Modi Government to ban high denomination currency to curb black money in the Country.
Defending the Government action he said that many steps have been taken including a package for digital and cashless economy to ease out people who were facing dearth of currency for their day to day transactions. Hailing discount of 0.75 per cent for cashless payments on Petrol pumps he said that it would convert about 1800 Crore cash transactions into cashless in a single day. beside the package would improve cashless payments from existing 20 to 40 Percent with this initiative alone.
The Front hailed the Finance Minister Mr. Arun Jaitely announcement yesterday to set up two each POS on every 10, 000 population in rural areas as direction has been issued to NABARD (National Agriculture Band and Rural Development Department) to install POSs forthwith. The Party front claimed that installment of such POS machines would benefits the co-operative and milk societies, agriculture input dealers, farmers and common man in the rural India.
It claimed that NABARD and Cooperative Banks would issue Kissan Credit cards and banks would not charges fee of more than Rs 1000 from mobile POSs and micro ATM dealers so that they could provided benefits to small traders for cashless payments. The package ascertain Rs 10 lakh insurance for railway on line booking. The common man and people living in far flung areas would be facilitated by these measures.