HRD Ministry for cashless transaction in IITs, varsities,higher education

The HRD ministry is planning to encourage cashless transactions in higher educational institutions.

Sources said that there is a thinking in the ministry that bodies like IITs and Central varsities should go cashless in their transactions.

Earlier, in a bid to provide relief to people, ministry has advised educational institutions associated with it to not insist on draft and pay orders for payments but accept electronic transactions like RTGS, NEFT or cheques.

According to sources, the ministry has also said that all educational institutions should prepare a roadmap for transition to cashless mode for all financial transactions.