- Telangana’s Ibrahimpur village has not had any cash based transactions in the last few days
- Even the smallest shop in the village now has a card swipe machine
With no more cash transactions, the village has now become the first cashless village in southern India. While more than 70% of the residents were already bank account holders, the rest were provided with bank accounts and debit cards in the last two weeks.
From daily use products to fertilizers, residents of Ibrahimpur use their cards to make any kind of purchases. Even the smallest shop in the village now has a card swipe machine. However, to overcome the internet connectivity issue, the village administration is planning to make the entire village wi-fi connected.
The demonetisation drive which was aimed at curbing black money and bringing out black many holders has pushed India towards turning into a cashless economy.
Last Updated 31, Mar 2018, 7:00 PM IST