AMN
Centre has set up a 13 member committee on promotion of cashless society and digital economy. The committee headed by Andhra Pradesh Chief Minister Chandrababu Naidu will identify best global practices for economy based on digital payment and examine possibility of adopting them in the country.
It will identify and outline measures for rapid expansion and adoption of the system of digital payments Debit and Credit cards, E-wallets and internet banking and will broadly indicate the road map to be implemented in one year.
The panel will also evolve an action plan to reach out to the public at large to create awareness and help them understand the benefits of such a switchover to digital economy.
The Chief Ministers of Odisha, Madhya Pradesh, Maharashtra, Sikkim and Puducherry and Vice Chairman of NITI Aayog are the members of the committee. Former Chairman of UIDAI Nandan Nilekani is among the five special invitees.
Our correspondent reports that the NITI Aayog was entrusted with the task of undertaking a campaign to implement digital payments and it has been working on an awareness campaign to popularize the different modes of digital payment.
Digitization of payments will significantly enhance financial inclusion by overcoming physical barriers and thus enhance access to financial services rapidly