The cashless economy in India has been amplified with the Indian Government's initiative of _______.

Key Points

• Digital India is a campaign launched by the Government of India to ensure the Government's services are made available to citizens electronically by improving online infrastructure and by increasing Internet connectivity.
• The initiative includes plans to connect rural areas with high-speed internet networks.
• It aims to empower citizens by providing digital access to government services, information, and opportunities.
• This initiative has been a significant driver in promoting a cashless economy in India.

Additional Information

• Digital India was launched on 1 July 2015 by Prime Minister Narendra Modi.
• The program has three core components: the development of secure and stable digital infrastructure, delivering government services digitally, and universal digital literacy.
• It also focuses on areas such as e-Governance, e-Kranti (electronic delivery of services), and information for all.
• The initiative has helped in increasing the use of digital payment methods, which is a critical aspect of a cashless economy.
• Various schemes under Digital India include BharatNet, Digital Locker, eSign framework, and many others aimed at boosting digital transactions and reducing reliance on cash.