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CAIT to conduct 40-day campaign on digital payments

Press Trust of India  |  Mumbai 

Aiming to promote digital payments, in line with Prime Minister Narendra Modi's call, Confederation of All India Traders (CAIT) today said it will kick-start a 40-day campaign from tomorrow.

CAIT will organise seminars, conferences, round-tables and workshops in different states, emphasising the need of adoption of electronic payments as mode of payment among trading community, according to a release issued here.

Beside traders, CAIT is also planning to rope in farmers, transporters, SMEs, hawkers, consumers, self employed groups, women entrepreneur and other sections in the campaign.

Yesterday, Finance Minister Arun Jaitley after releasing CAIT's less cash campaign road map in Delhi said more usage of digital payments will bring more transparency and accountability and will lead to further growth in GDP and economy.

He had said, black money is a plague, which needs to be weeded out from the system, calling on people to avail the scheme of the government for voluntary disclosure.

"We are committed to pursue our vision for promotion of less cash system in trade and commerce, which will enable India to see double-digit growth, it is critical for its largest community of self-employed, small and medium business owners to adopt and use modern means of technology," CAIT Secretary General Praveen Khandelwal said.

There are about 5.77 crore small businesses in the country and the promotion of less cash campaign will not only includes allowing consumers the convenience of paying through electronic means that is credit or debit cards and wallets, but also critical investments in promoting businesses online, he said.

However, he said, the government should make specified rules and regulation for e-commerce business in the country and must bring a policy to provide incentives like tax benefits to encouraging people to use electronic payments, CAIT National President B C Bhartia said.

First Published: Thu, July 07 2016. 17:28 IST