Taking the e-medium initiative ahead, the State government has decided to create ‘Cyber Treasury’ to promote cashless economy and to keep online testimony of accomplishments of all payment records, including individual imbursement. From the financial year 2017-18, the State government will not accept the payment of Rs 5000 and above in cash. Soon the manual mode of payment at treasuries will be digitalized in the coming days.
Moving ahead towards the cashless transactions and creating transparency post demonetisation, the Department of Planning cum Finance conducted a training session of all treasury officers here at SKIPA Auditorium on Saturday. Officers of all the 32 treasuries functioning across the State were given both theoretical and practical knowledge about the online mediums.
Focusing on Jharkhand Online Government Receipts Accounting System (JeGRAS) and other e-payment modes, the training session on e-governance initiative of Government of Jharkhand under operation mode category that is the part of Integrated Financial Management System and also facilitates the collection of revenue on different online approaches is the need of an hour, claimed Department of Finance cum Planning, Secretary, Expenditure, Satyendra Singh.
“As an emerging economy, India registers maximum percentage of cash transaction whereas across the world only two percent of total payment is made by cash. After ensuring cashless medium of transaction, ease of doing business will get a boost here in Jharkhand besides, creating a transparency in work culture. It will also be helpful for finance officers to maintain monetary record after the implementation of Goods Service Tax (GST) across the country,” added Singh.
Total collection, individual payment can be tracked through E-Gras medium after adopting the electronic mediums. There is also a provision for both registered users and guest users in the methodology for making transaction. Any user can register them creating login IDs.
Similarly, making the financial officers well versed with the e-payment system, Treasury Officer, Vishnu Deo Bhagat, said, “Single portal will be developed for payment. ‘Cyber Treasury’ will work linking up with Net Banking mode. Using two different modes Net Banking and Over the Counter (OTC) medium, payment can be made now. On or before November 1, the department will initiate the cashless mode in full-fledged way across all the treasuries.”
Through live demos, power point presentation, officials were guided on the objective of new media platforms. A technical session was also conducted for Treasury Officials under the expert’s guidance.