Committee’s aims to form a strategy to expedite the process of transforming India into a cashless economy. It has been tasked with identifying various bottlenecks affecting access of digital payments.
Terms of Reference of Committee
- Identify and operationalise in the earliest possible time frame user-friendly digital payment options in all sectors of the economy.
- Identify various digital payment systems appropriate to different sectors of the economy and coordinate efforts to make them accessible.
- Engage regularly with Central ministries, state governments, regulators, local bodies, district administration, trade and industry associations to promote adoption of digital payment systems.
- Estimate costs involved in various digital payments options and oversee implementation of measures to make such transactions between citizens and government cheaper than cash transactions.
- Implement an action plan on advocacy, awareness and hand-holding efforts among public-, micro-enterprises and other stakeholders
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More Detail is required on it.