You are here: Home » PTI Stories » National » News
Business Standard

People reluctant but plastic money safer: Rathore on cashless

Press Trust of India  |  Panaji 

Union Minister Rajyavardhan Singh Rathore today admitted that people were somewhat "reluctant" to adopt to a cashless economy, but plastic money was "safer".

"We want to take entire towards cashless economy. We want to reduce the use of in the day-to-day lives. We want to go for plastic money," he told reporters after a meeting with bankers here.


"Prime Minister and Finance Minister have also spoken on this (cashless economy). There is a little reluctance to change over to plastic money. But plastic money is more safe," he said.

Talking about his meeting with bankers, the Union Minister of State for Information and Broadcasting said, "We discussed how to make a model state in cashless economy. The tourist season is on so this is the right opportunity to introduce the cashless concept."

"I have spoken to banks. They will put up stalls in different markets and educate people about plastic money," he said.

State departments such as Excise, Sales Tax and Transport had also been asked to take up steps to promote cashless transactions, he said.

"Meetings will also be held with traders and contractors who are working with the government," Rathore added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, November 26 2016. 19:42 IST
RECOMMENDED FOR YOU