e–biz is need of the hour

Nalgonda: Post demonetisation, the cash crisis has forced both banks and people to think about alternative ways of transactions. Following the directions of the Centre and to relive pressure on banks due to huge gap between supply and demand of currency, the district administrations of Nalgonda, Suryapet and Bhongir have swung into action to drive people towards cashless transactions.

In this regard, Suryapet Collector Surendra Mohan signed a Memorandum of Understanding with the ICICI bank 30 days ago to help Gandhi Nagar of Suryapet adopt cashless method.

To help majority of rural people about cashless dealings, the Collector has been conducting awareness meetings across the district involving all sections of people.

Similarly in Nalgonda, the district administration in association with banks and organisers of Mee Seva centres conducted a meeting with traders, managements of the schools, owners of hotels and college students to educate them about cashless transactions by using cell phones, swiping machines, e-wallets and Aadhaar cards.

Soon, all nationalised banks in the district voluntarily came forward and announced that each bank would adopt a village to help them adopt cashless transactions by issuing bank accounts and debit cards to all the villagers.

Similarly, Nalgonda SP N Prakash Reddy too swung into action and announced that he along with his 35 SIs, nine CIs and three DSPs would adopt one village each in the district to turn into cashless transaction areas.

In Yadadri –Bhongir, District Collector Anitha Ramachandran recently conducted a meeting with the managements of educational institutes located in and around the Bhongir and informed them to adopt cashless transactions.

She advised them to create awareness about cashless transactions among the students through training programmes so that they would educate their family members, relatives and friends about adopting cashless transactions.

Meanwhile, awareness camps and mass publicity programmes taken up by the respective district administrations about cashless transactions have been increased tremendously in the business establishments.

Owner of the Rensi Restaurant Veepuri Srinivas said payments of bills by the customers through debit and credit cards were increased after public programmes on cashless transactions were conducted post note ban.

“Though the restaurant has swiping machine, earlier we used to receive only Rs 50,000 through cashless transactions, but now we are receiving double the amount,” he said, adding that he was not facing any problems neither from banks nor from authorities due to cashless transactions.