CASH TO CASHLESS SYSTEM: A STUDY OF OPPORTUNITIES AND CHALLENGES FROM INDIAN PERSPECTIVE

Abstract

Demonetization was a noteworthy encounter for each Indian and it is a reformist move from money to credit only economy with more spotlights on e-exchanges. Government is likewise continually promising the individuals of India to go credit only and diminish reliance on money exchanges and rather receive computerized instalment techniques. Initially on the off chance that we need credit only exchange or economy or each exchange without money we should need to give information about plastic cash, e-instalments and security to residents.

This paper comprises about digitalization of India and Indian economy through remonetisation and credit only economy with digitalization. This paper appraises the measure of credit only exchanges that is predominant in India. The discoveries of the investigation uncovered that the presentation of credit only economy in India can be viewed as a positive development of economy development and advancement. It has been directed to disentangle the difficulties and chances of credit only economy by advancing electronic cash instruments, creating electronic budgetary foundations and spreading computerized exchange propensities among individuals.