Moving systematically towards a cashless society as visualized by Prime Minister Shri Narendra Modi, the Minister of Steel Shri Chaudhary Birender Singh had a detailed meeting with the officials of Steel Ministry on 25.11.2016. It has been decided to have time bound approach to ensure a smooth, effective and sustainable shift to a cashless society.
Initially, Steel Manufacturers, both in Private and Public Sector will ensure that all their business transactions are undertaken in digital mode. Thereafter, the focus will be on colonies (including hospitals, schools, etc. therein) of Steel manufacturers both in the Private and Public sector. Special camps will be held for both regular and contract employees and their families to familiarize them with digital/electronic/mobile operations. In marketplaces operating with Project areas of Steel manufacturers, shopkeepers/traders would be encouraged to shift to POS machines (Point of Sale) which users can use to transact their shopping and business. The smaller transactions particularly can be transacted in mobile mode.
The Steel manufacturers should examine provision of internet connection in the Project area in entirety under their respective CSR mandates. We will facilitate repeat camps to train/retrain those requiring this training with the objective of attaining a cash free environment. This exercise may be also replicated in villages in the Project areas of CPSEs as well as in areas where currently CSR operations/activities are underway. CPSUs may work with not merely scheduled commercial banks but also post offices and cooperative banks working in the region. The Ministry of Steel proposes to monitor progress achieved regularly on fortnightly basis starting by December 2016.
Ministry of Steel, Udyog Bhawan, New Delhi
November 28, 2016
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)