TS to become Cashless transactionial state

Hyderabad December 13 : Telangana Supremo Sri Kalvakuntla Chandrashekhar Rao here on Monday has instructed the officials concerned to initiate some more measures to encourage and promote cashless transactions in the State.

He said that Ibrahimpur village became a role model for cashless transactions village under Siddipet Assembly and hoped that Ibrahimpur itself will become, for the first time, a cashless transactions Constituency in the State.

KCR also reveals that, he wanted the same spirit and enthusiasm should continue and the state should become cashless transactions state in coming future.

KCR here held a review meeting with senior officials S. Narsing Rao, Ramakrishna Rao,Navin Mittal and others on State Strategy to be framed including the demonetization of the currency notes of Rs 500, Rs 1000 denomination.

Speaking on the occasion, the Chief Minister reiterated that the policies like demonetization are taken by the Centre, which is in their preview, and the state has no role to play. But the policies like demonetization of notes and its adverse impact is on the state and its people.

The Centre wants the people to move towards digital transactions and there is no availability of cash with banks. People are facing hardships and problems. At this juncture, the State cannot become a mere spectator.

It has to take steps and initiate measures to mitigate the suffering of the people and at the same time encourage people to switch over to the cashless transactions, the CM observed.

People should be educated to use the swiping machines, ATM, Credit, Debit Cards and other mobile applications meant for the financial transactions.

There are some Apps, which require no Internet connectivity. Awareness should be created among the people on these modern applications and technology. The Banks should also organise programmes in this direction.