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HRD Ministry Encourages Educational Institutes to Adopt Cashless Transactions

November 29, 2016 03:45 PM 2 minute read , Others

HRD Ministry Encourages Educational Institutes to Adopt Cashless Transactions

Union Minister of Human Resource and Development Prakash Javadekar revealed that the HRD Ministry is preparing a plan through which educational institutions across the country will be encouraged to adopt cashless transactions. All these institutions must also play a significant role in creating awareness among the public regarding online transactions. He made this announcement in a meeting with heads of Boards and Councils associated with the ministry and further discussed various possibilities to encourage cashless transactions.

Also read: - Demonetisation: IITs, NITs to Go Cashless for Fees & Maintenance

After the meeting, he tweeted that all the educational institutions must ensure cashless transactions. Apart from that, payments have to be done through credit/debit cards, RTGS, online transfers and cheques. He further added that the ministry has issued directions to all the institutions on the same.

Prime Minister of India, Shri Narendra Modi in his ‘Maan ki Baat’ address on November 27, 2016 urged the youth to train at least ten families and people in business, especially in rural areas, about online transactions, mobile banking and internet banking. They should create awareness among them about the fact that online banking is ‘safe and secure’. The NCC and NSS wings in various institutes must take up awareness drives and educate the people.

Also read: - Gauhati University Opts for Cashless Campus through Smart Cards

Earlier, the ministry issued directions to IITs, NITs and central universities across the country to make and receive payments in an online mode. Recently, some of the officials of IITs requested the ministry to look into the issue of the daily limit of cash usage (Rs.24,000) with the finance ministry.

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HRD Ministry Encourages Educational Institutes to Adopt Cashless Transactions | CollegeDekho