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Chief Minister Devendra Fadnavis to vouch for cashless economy, likely to introduce ‘Maha-Wallet’

Maharashtra Chief Minister Devendra Fadnavis on Wednesday announced that his government is going to push for a cashless economy by introducing mobile e-wallet facility called ‘Maha-wallet’, and will appoint volunteers to educate people on cashless transactions.
State government will shortly introduce ‘Maha Wallet’ to encourage cashless transactions with a view to reduce the impact of demonetisation on the citizens.

We are taking this opportunity to become a cashless economy for the state. We have prepared a roadmap to make Maharashtra a cashless economy. We will be introducing Maha Wallet so that people can make transactions via cell phones.

We are appointing 1,000 volunteers to teach people about cashless transactions and are providing PoS devices in every gram panchayat to have cashless transactions. The PoS would be installed at 30,000 Sangram Centres where people come for seeking various government certificates, Fadnavis said while addressing the assembly.

The ‘Maha Wallet’ will fight the cash crunch and promote digital money. However, the Maharashtra CM feels that in a cashless society, the needs of farmers, labourers from unorganised sector and small vendors should be kept in mind.

According to a PTI report, Sudhir Mungantiwar, Cabinet Minister of Finance in Maharashtra government said , “ We want to ensure that the system is modelled to help small vendors, farmers and all those who deal in cash transactions.”

“Maha -wallet will be a secure e-service where the money of citizens will be secure. We are working on a system where needs of each of the 11.97 crore population of the state are being considered,” Mungantiwar told PTI.

While replying to a debate of demonetisation, thanked citizens of the state for supporting demonetisation. The chief minister said that in regards to Maha wallet, instructions had been issued to the concerned department to prepare a report and submit it to the government.

The government would also introduce a system modelled to help small vendors, farmers and all those who deal in cash transactions.

He also said it was wrong to blame PM for being unprepared and not doing home work while taking such a big step.

When talking about Jan Dhan Yojana accounts he said, that there are 23 crore such accounts in the country and 72 thouand crore have been deposited in them so far. “We have to ensure that this money remains in their account only.”

But how can assembly end without a debate on demonetisation, the Congress and Nationalist Congress Party (NCP) questioned the implementation of demonetisation and claimed it is badly affecting people and the cashless economy has been forced onto them without proper infrastructure. Congress leader Prithviraj Chavan also alleged that demonetisation decision was political and was taken eyeing the Uttar Pradesh and Punjab polls.

Fadnavis refuted allegations by the Congress leader and said that the decision was not taken with an eye on the polls. “Modiji has made it clear that it is not for any election. It’s a revolution against corruption and black money, and the people are with us,” he added.

Clearing doubts about the ownership of e-commerce website Paytm, Fadnavis said it is owned by an Indian. “An Indian called Sharma has maximum shares in PayTm and Chinese company Ali Baba has a share of 4 per cent. 10 crore people are using it,” he said.

He also announced the launch of Cashless Maharashtra Volunteers Scheme and said that for which 1,000 college youths will be trained.

The Chief Minister also said that he will meet and urge Union Finance Minister Arun Jaitley to give relaxation to district central cooperative banks as they were badly affected post demonetisation.

He also said that next action will be against ‘benami’ transactions, mostly in real estate sector.

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