International Journal of Applied Research
Vol. 2, Issue 12, Part H (2016)
Go digital, get benefits - Special incentives to encourage digital payment
Basavaraj Nagesh Kadamudimatha
On 8th November 2016, the Demonetisation of Rs. 500 and Rs 1,000 currency denominations was taken by the Government of India. This is because of corruption and black money is the major obstacles in our country. In short, demonetisation refers to deprive of value for official payment. After demonetisation the Prime Minister of India Shri Narendar Modi need India to be as cashless society. As a result of it, the various incentives have been taken by government of India to select the digital payment mode and enhance in the users of it. Digital payment refers any payment that exists purely in electronic form. This paper studies on the incentives which are taken by the government after demonetisation in India. At the last of this paper the study reveals that, the users of digital payment has been increased rapidly after demonetisation.
How to cite this article:
Basavaraj Nagesh Kadamudimatha. Go digital, get benefits - Special incentives to encourage digital payment. International Journal of Applied Research. 2016; 2(12): 532-535.