 "Have to pay your college or university fee? Cash won't be accepted anymore")
The government has directed all universities and higher educational institutions across the country to ensure that no fees payments are made by students in cash mode from the upcoming academic session.
The Ministry of Human Resource Development has asked the University Grants Commission (UGC) to issue the necessary advisory to all higher educational institutions that all monetary transactions should be done using digital modes of payment.
"All receipts and payments related to the functioning of the institutions including student fees, exam fees, vendor payments and salary/wage payments shall be made 'only' through online or digital modes," the directive sent to university heads said.
"For all students' service in the hostels, the digital mode should be used for all transactions. All canteens and business establishments on the campus may be encouraged to resort to only digital modes for their receipts and payments using the BHIM app by linking their bank accounts with Aadhaar," it added.
The varsities have been asked to identify all transactions being carried out in cash currently and find ways for replacing them with digital modes.
The government has also asked the varsities to appoint a nodal officer for the purpose and send a monthly report to the UGC.
The Ministry of Human Resource Development has asked the University Grants Commission (UGC) to issue the necessary advisory to all higher educational institutions that all monetary transactions should be done using digital modes of payment.
"All receipts and payments related to the functioning of the institutions including student fees, exam fees, vendor payments and salary/wage payments shall be made 'only' through online or digital modes," the directive sent to university heads said.
"For all students' service in the hostels, the digital mode should be used for all transactions. All canteens and business establishments on the campus may be encouraged to resort to only digital modes for their receipts and payments using the BHIM app by linking their bank accounts with Aadhaar," it added.
The varsities have been asked to identify all transactions being carried out in cash currently and find ways for replacing them with digital modes.
The government has also asked the varsities to appoint a nodal officer for the purpose and send a monthly report to the UGC.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%