Maharashtra CM Devendra Fadnavis meets bankers, draws plan for cashless transactions in rural areas

“Let us all together rise to accept the challenge and plan accordingly to make cashless economy possible in a time-bound manner," he said.

By: Express News Service | Mumbai | Published:November 28, 2016 2:58 am
Devendra Fadnavis, Fadnavis, demonetisation, demonetisation retailers, demonetisation tax, demonetisation tax incentives, maharashtra news, india news Maharashtra CM Devendra Fadnavis.

Chief Minister Devendra Fadnavis Sunday convened an urgent meeting of State Level Bankers’ Committee (SLBC) in Mumbai to draw a roadmap for cashless transactions and enhancing the modes of e-payment. Taking cognisance of the challenges posed post-demonetisation in rural economy, which is centred on cash operations, the CM discussed the network that needs to extend in the banking sector to reach out to villagers across rural Maharashtra.

Referring to Prime Minister Narendra Modi’s appeal to move towards cashless economy, the CM said, “Let us all together rise to accept the challenge and plan accordingly to make cashless economy possible in a time-bound manner.” To promote the digital banking facilities, the government has decided to use all Aaple Sarkar Centres in the state to provide immediate relief to the gram panchayat levels.

The banks have given their nod to provide single form for quick cash transfer to authorised dealers accounts for purchase of seeds, pesticides, etc. Across the country, including Maharashtra, farmers have been facing the major impact of the demonetisation due to hard cash operations.

The immediate concern relates to providing means to circulate the finances for the rural economy especially farmers for khariff harvest and sowing ahead of the rabi season.

Last week, the government had urged the Centre to relax norms to provide relief to the farmers. The Centre directed NABARD to infuse Rs 21,000 crore in cooperative sectors as crop loans for the farmers.

The meeting was attended by minister for cooperative Subash Deshmukh, officials of State Bank of India, Bank of India, NABARD and mobile wallet companies.

The CM congratulated the bank officials for putting extra hours to cope up with the pressure due to overcrowding at the banks post demonetisation.