Union HRD Minister Shri. Prakash Javadekar launched the Vittiya Saksharta Abhiyan in New Delhi on Dec 3, 2016.
The minister appealed to faculty and young students to join the Abhiyan and encourage, create awareness and motivate people around the world to use a digitally enabled cashless economic system for funds transfer.
India is currently undergoing a transformational shift towards digital economy.
Technology was stressed as a means of leveraging to bring financial digital literacy and step forward towards a digital economy.
The Union Minister also appeared to higher educational institutes to receive nothing in cash including fines, fees and deposits.
Stress was also laid on paying nothing in cash– wage/salary/vendor payments.
Aim was to develop a cashless campus covering shops, canteens and services.
Young students were also asked to spread the message of a digital economy.
Modes of Online Digital Payment include:- Prepaid cards
- Debit card/Ru Pay
- Unstructured Supplementary Service Data/USSD
- Mobile Wallet
- Adhaar enabled payment system/AEPS
- Unified Payment Interface(UPI)
- Point of Sale (Physical/Virtual)
These digital platforms are easy to use, convenient, secure and accessible anytime by anyone anywhere.
