In a bid to curb the parallel economy which was flourishing on black money in the country demonetisation was essential and need of that time, said Thaawarchand Gehlot, Union Minister for Social Justice and Empowerment adding that the economy which was flourishing on black money in the country needed demonetisation.
He was speaking at Digi Dhan Mela organised in Bokaro Steel City on Saturday. Justifying Prime Minister Narendra Modi’s decision to put a ban on Rs 500 and Rs 1,000 notes the Minister asserted that demonetisation has freeze the source of money to terrorist, naxals and anti-social elements
“The ban of old 500 and 1000 notes was necessitated because the notes of higher denominations make transactions in cash easier since one require only a few notes to make high valued transactions. All cash transactions are non-traceable, a major factor in promoting corruption, as none is accepting or paying bribe through cheque. This is because all transactions are tracked if it involves the banking system,” added he.
With an aim to make citizens and merchants familiar and adopt the digital transactions methods Mela was organised in association with Government of India and State Government. This was the second Digi Dhan Mela organised in the State while third is scheduled to be organised at Jamshedpur.
Adviser to NITI Ayog Maninder Kaur Dewadi said, “The cashless transactions improve our economy and thus make our country stronger. So please adopt digital transactions methods.” More than 50 stalls manned by banks, e-wallet, IT and telecom network companies, Aadhaar enabled payment system (AEPS) vendors, merchants associations, Fair Price Shop Owners, small vendors, UIDAI were equipped with facilities to receive payments through cashless mode in the mela.
The stalls have been set up to educate people about the cashless transactions and to help them undertake digital transactions.
There were digi shalas to educate city residents about digital transactions. This mela is organised under the aegis of present two schemes of Government of India, namely Lucky Grahak Yojana for Consumers and Digi-Dhan Vyapar Yojana for Merchants, which seek to nudge people towards significantly higher usage of digital transactions through the offer of incentives, said a PR official.
Youth icon and cricket Saurav Tewari who was present as a special guest to encourage people for cashless transaction, purchased a showcase from Jharkraft stall by making cashless payment in the mela. The attraction of the event was the availability of Dahi, Chura, Til Laddu and Khichri at any mode of cashless transaction of Rs 1.
Tourism and Youth Affairs Minister Amar Kumar Bauri, Union Minister Sudarshan Bhagat, local MLAs, MP and other distinguished guests were also present on the occasion.