In the wake of demonetisation, a village in Telangana has gone entirely cashless by taking all business transactions online.
According to the Telangana government, Ibrahimpur village in Siddipet district of the state is the first village in South India to go cashless.
Image for representation only. Source: Pixabay
The district administration has opened bank accounts for those villagers who did not have them, provided everyone with debits cards, and has also set up card swipe machines in shops and micro ATMs in ration shops. After a formal ceremony where a local resident purchased groceries from a ration shop using his card, the village was declared ‘cashless’. Irrigation minister and local MLA T Harish Rao, who has adopted the village, was present for the event that took place on December 5.
Village sarpanch Kumbala Yella Reddy told The Times of India that all the residents have contributed towards making the village cashless.
Ibrahimpur is also popular in the district for having excellent water harvesting facilities as well as a toilet in every house. Over two lakh saplings were planted in the village during a programme titled Haritha Haram in July 2016. The irrigation minister had recently announced incentives for the villages that go cashless. The first, second and third villages to go cashless are to receive incentives of Rs. 10 Lakh, Rs. 5 lakh and Rs. 2 lakh respectively.
The achievement of the village is in line with the state government’s resolution to make the Siddipet assembly constituency cashless by the end of December.