KCR for more measures to encourage, promote cashless transactions in Telangana

Hyderabad (Telangana) [India], Dec. 12 (ANI): Chief Minister K. Chandrashekhar Rao has instructed the officials concerned to initiate some more measures to encourage and promote cashless transactions in the state. He said Ibrahimpur village became a model village by becoming cashless transactions village under the Siddipet Assembly segment and hoped that the segment itself will become, for the first time, a cashless transactions constituency in the state, said a statement issued by the Telangana Chief Minister's Office. He wanted the same spirit should be continued and the state should become cashless transaction state in the near future. He also held a review meeting on the state's strategy to be framed in the backdrop of the Centre taking several important fiscal measures including the demonetisation of the currency notes of Rs 500, Rs 1,000 denomination. Senior officials S. Narsing Rao, Ramakrishna Rao, Navin Mittal and others participated in the meeting. Speaking on the occasion, the Chief Minister reiterated that the policies like demonetisation are taken by the Centre, which is in their purview, and the state has no role to play. "But, the policies like demonetisation of notes and its adverse impact is on the state and its people. The Centre wants the people to move towards digital transactions and there is no availability of cash with banks. People are facing hardships and problems. At this juncture, the State cannot become a mere spectator. It has to take steps and initiate measures to mitigate the suffering of the people and at the same time encourage people to switch over to the cashless transactions," the CM observed. "People should be educated to use the swiping machines, ATM, Credit, Debit Cards and other mobile applications meant for the financial transactions. There are some Apps, which require no Internet connectivity. Awareness should be created among the people on these modern applications and technology. The Banks should also organise programmes in this direction. There is a need to open more ATMs and upgrade their Servers," he said. "The government should have close coordination with the banks, since the Siddipet Assembly segment was taken as a pilot project for the cashless transactions, ATMs, Swipe machines and other required equipment and infrastructure to be made available in the Constituency," he said. The Chief Minister wanted the officials to identify the bottlenecks for the implementation of cashless transactions system and try to clear them. (ANI)