The era is changing rapidly, and people use their mobiles to transact money. Today you can send money online to any person’s account. Cashless India was first launched in November 2016.
Indian Prime Minister Narendra Modi started the campaign of Cashless India to move India rapidly towards the digital age. Today writing essays on Cashless India is given in various schools and colleges so that everyone can understand this campaign.
If you are looking for an essay on Cashless India, we have given some information below. This campaign was first started after demonetization.
Today everyone should get good information about it, so read the essay of Cashless India carefully in this article.
10 lines on Cashless India (200 To 250 Words)
- The idea of a grand and beautiful cashless India first came into the mind of our honourable Prime Minister, Shri Narendra Modi Ji.
- He started his first step in fulfilling this dream by banning 500 and 1000 notes in India on November 8, 2016.
- People have benefited a lot from having a cashless India.
- Everyone is starting to understand the point of online money transactions.
- This online transaction process has become very secure and transparent.
- Through this note ban, the black money deposited by the people came out, and the government used it for the betterment of all the people.
- With cashless India, corruption, terrorism, hoarding etc., have all ended in the country.
- The movement of terrorist activities in India has also become very less or less.
- The country’s development reached great heights due to a cashless India.
- Today, our country has moved towards progress among the world’s big countries.
Related Essay:-
Short Essay on Cashless India (200 To 250 Words)
The Cashless India campaign was first launched on November 8, 2016, by Indian Prime Minister Narendra Modi. This is a campaign which is rapidly moving the Indian people toward Digital India.
Due to this campaign, online money transactions have rapidly increased in India. Due to this cashless program, India has progressed very fast in technology.
Under Cashless India, we can send money online to any person, for which different applications are used, due to which many jobs have started in India’s technology field.
Black money has decreased significantly due to Cashless India, and transparency has come in all transactions.
Today, sitting at home, we can send our money to any person in a few minutes without any fear. Cashless India reduces the time of money transactions, and due to this camping, we do not need to carry cash with us.
Due to this, the risk of theft is reduced. Today, due to a cashless India, people are paying electricity, water, and gas bills sitting at home. Many things have become easier because of this initiative.
Today there are many such areas in India where internet speed is very low, due to which we cannot use Cashless India in those places.
Cashless India brings some disadvantages along with its advantages, but due to this campaign, we can walk step by step with the world.
Related Essay:-
Long Essay on Cashless India (500 To 600 Words)
A cashless India is the first step towards making the dream of a digital India a reality. The main motive of Cashless India is to make the country free from black money and build a beautiful India.
First, if we are talking about cashless India or cashless transactions, we should know that there are many types of cashless transactions. Cheques, Demand Draft, UPI, Debit and Credit cards, NEFT, RTGS and IMPS are some cashless transactions in India.
On the evening of November 8, 2016, at 8 P.M., Narendra Modi, the Prime Minister of India, announced the demonetization of 500 and 1000 rupees notes in India.
And our honourable prime minister did this only to put the main step towards a cashless India.
Today in India, about 95% of people still depend on cash. Due to this, the government has to face many problems in levying various taxes and collecting them. Therefore, from time to time, the Indian government makes its fellow citizens aware of this scheme by doing digital payments, campaigns etc.
Going cashless makes life easier and helps authenticate and formalize the transactions done. It helps curb corruption and black money, which results in increased economic development.
There are many benefits of doing cashless transactions in India people can save a lot of their time and avoid carrying cash whenever they need a large amount. Not only this but art money and drugs can be eradicated from India through a cashless economy.
Similarly, through digital transactions in a cashless economy, every single transaction can be recorded and ultimately can also eliminate any illegal activities from the system.
Now let us tell you that every coin has two sides; in the same way, cashless India also has its demerits. Like some cyber cafes make people fool and steal their money from their bank accounts without permission.
Also, it is not right to promote a cashless medium in India so much because even today, internet facilities are not available in many rural areas. Apart from this, if we talk about the older adults of our country who do not have much knowledge of digital apps, then such people cannot use cashless transactions.
A cashless economy is a good way to bring back black money from outside India, as well as a good way to check drug smuggling. But along with it, cashless India creates tension for the people belonging to rural areas and for aged people.
FAQ
Q. When the Cashless India campaign was started?
The Cashless India campaign was started on November 8, 2016.
Q. Who started the cashless India campaign?
The Indian Prime minister Narendra Modi started the cashless India campaign.
Q. What are the disadvantages of a cashless India?
This cashless India campaign could not be used in some village areas of the state, and some uneducated people are not able to use this campaign process.
Conclusion
In this post, we provide information about an essay on cashless India. In this post, you learn about the history and benefits of the cashless India campaign. So if you get beneficial information, do not forget to share this article and leave your valuable comment about any of the above essays.
Related Essay:-