Hundred less cash townships in three months: GNFC
Hundred more establishments of oil companies, security personnel, fertiliser companies and others are expected to become less cash townships in next three months, a top official of Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) said. A township of GNFC at Bharuch has been declared as India's first 100 per cent cashless town and the government has decided to replicate GNFC's model in other big townships to promote digital payments. Now the company acts as an advisor to entities interested in setting up less cash ecosystem around their facilities. A township is declared less cash once it starts conducting 80-100 per cent of transactions using digital means. "There is potential of setting up of thousands of less cash townships in the country. We, as nodal agency of Niti Aayog, have received numerous interest for this. We expect there will be at least another 100 less cash townships in next 2-3 months," GNFC Managing Director Rajiv Kumar Gupta told PTI. He said that 81...16-04-2017