President Pranab Mukherjee on Sunday urged the citizens to support less cash mission of the central government.
“India has a long way to go to become a cash less society. Presently, we remain primarily a cash-based economy with about 95 per cent of the personal consumption and 86 per cent of all transactions being in cash,” President Pranab said at the 100th Mega Draw of Lot for Lucky Grahak Yojana and Digi Dhan Vyapar Yojana.
“It is necessary to reduce cash in circulation and impart greater urgency to promoting secure digital payment methods to ensure greater transparency”, he added.
Mukherjee took the moment to praise government for its bold initiatives and promoting the culture of digital payment in the country.
He termed the Aadhaar card initiative as ‘a watershed event’ in the development story of India and added that India is on cusp of a digital revolution.
On the occasion, President Pranab Mukherjee picked up the lucky winners from the 100th draw of lots under digital payments promotion schemes at Rashtrapati Bhavan here.
He congratulated the six winners-three consumers and three merchants-of Lucky Grahak Yojana and Digi Dhan Vyapar Yojana.