Swipe machines to be set up

Swipe machines to be set up

They are running around various banks and ATMs but to no avail. The sudden decision of the Centre has left the people cashless.In order to mitigate...

Nizamabad: People of the district have not yet recovered from the hardships of the ban on Rs 1000 and Rs 500 currency notes. They are badly hit as they are not able to find enough amounts of cash for making purchases, especially during the beginning of the month.

They are running around various banks and ATMs but to no avail. The sudden decision of the Centre has left the people cashless.In order to mitigate their sufferings to some extent, the State Government has decided to step in and promote cashless transactions.

It is a well known fact that 90 per cent of the business transactions take place through cash in the district. Small traders and domestic servants are suffering as they do not have savings bank accounts.

It is chalking out an action plan to make the people aware about digital transactions. Now, using of swipe cards has become the order of the day in all the towns, villages and mandals in the district there was no other option.

The district administration is taking steps to make swipe machines available in all the mandals and villages. Till the other day, only big shopping malls, jewellary shops and major textile units. Now, they have to be installed in even small vegetable markets, petrol bunks, grocery stores depending on the requirements.

After completion of the work relating to depositing the banned currency notes in the banks on December 30, a bank will be setup in every village having a population of 5,000 people.

If this scheme has to be successfully implemented, the district officials should take steps to enhance the digital literacy among the people and for this purpose, they will be conducting awareness camps. Although people have Jan Dhan accounts, no financial transactions took place till now, but now with the ban on big currency notes, all transactions have to made online from now onwards. For this, swipe cards have to be provided.

With the ban on currency notes, even disbursement of Asara pensions have been affected. Those not having bank accounts should open them without fail as the payments will be done through banks or post offices.

The agricultural labourers will also receive payments online and they have to open bank accounts. Some of the people affected speaking to The Hans India said that their sufferings could be minimized atleast to some extent if the State government intervenes.

R Bhoopathi

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