Delhi University’s renowned Sri Ram College of Commerce (SRCC) is going cashless from Wednesday with a training provided to the entire college community by Vittshala, a financial literacy institution which was launched by Union Finance Minister Arun Jaitley recently.
In a two day Digi-Mela, the college students volunteered to prepare the college canteen, Xerox shop, cooperative store and the famous ‘Irfan’s’, to function cashless from now onwards.
“The college will become completely cashless. Students, teachers and staff members will also explain to them how to make Aadhaar-based payments,” said professor Anil Kumar, convener of Vittshala.
The college claimed that it will be the first institute in the national Capital to go completely cashless. “The college canteen, photocopy shop, cooperative store and the famous ‘Irfan’s’ are all being prepared to function cashless. The student interns from the cell are explaining students about the five possible ways of cashless transactions and are ensuring that all vendors are equipped with the required resources and training for the same,” he added.
The five methods that the financial cell has identified include SBI Buddy (e-wallet by SBI), Paytm, BHIM (unified app by Indian government), Aadhaar enabled Payment System (AEPS), USSD Banking Service.
SBI officials are interacting with students, teachers and staff members in the college and offering them credit card facilities. Presentations for teaching and non- teaching staff are also being organised.
Earlier, steps of digitisation were taken by lakshmi Bai College, Hans Raj College and Ramjas College.