Implementation of Cashless Economy: Measuring the Impact of Awareness and Advantages with Problems with Reference to North India

Abstract

A new flagship programme was propelled by the government of India called “The Digital India Programme” to enhance and with a vision to transform the economy of the country into a “Faceless, Paperless, Cashless” economy. RBI is having a major role to play and support the government in achieving the goals. In this study we had tried to study the impact of various factors like awareness, advantages and problems in the cashless economy in India and the impact of awareness and advantages on the problems .The empirical study found that all the three factors have their own importance and impact on the cashless economy. There are other factors also which have an impact on cashless economy. In India it is at its adolescent stage.