In order to encourage cashless system in cooperative banks, Minister for Cooperatives (Independent Charge) Vishwas Sarang has announced to abolish fees charged from the customers towards bankers' cheque, DD, RTGS and NEFT. Sarang said that cashless system is a big challenge for cooperative banks but not difficult. All the villagers and farmers are ready for this.
He was inaugurating a one-day workshop on cashless system in cooperative banks and primary agriculture credit cooperative societies.
Sarang further mentioned that the country has obtained better results on many fronts after the demonetisation. It has unearthed black money, preventing terrorism and Naxalite activities. He mentioned that difficulties emerged after the big change.
"We have to move forward to solve problems. A major part of population of the State is linked to the cooperative banks and societies. Hence, to implement cashless system is a big challenge before us. If we change the mentality and perception of the people, then it will be easy for us to establish cashless system. The farmers and villagers are fully prepared for this. The tradition of cashless system is being followed since the days of Mohan Jodaro, Chanakya, Mughals and the British Rule. Today we have to present this system before the people in a new form and in a new context, he said.
Principal Secretary of Cooperative department Ajit Kesri said that the cooperative banks while implementing cashless system at the ground level should be equipped with the answers of technicalities to convince the people.
Commissioner of Cooperative department Kavindra Kiyawat informed about the objectives and outline of the workshop. He said that the cooperative banks have to reach up to 70 per cent population of the State. We will get positive results adopting cashless system.
General Manager of Reserve Bank of India HK Soni said that the cooperative banks should identify transactions which are carried out by cash or cashless arrangements. After this prepare a strategy to convert cash transactions into cashless and maintain transparency in the works.
Chief General Manager of NABARD KR Rao mentioned that "demonetisation is an effort to give a new direction to the economy. Challenge to convert the system into cashless system is before us. Hence, we have to increase our efficiency and skills."
Managing Director of APEX Bank Pradeep Neekhra, Deputy General Manager of Central Bank of India and CEOs of district cooperative banks were present on the occasion.