This document summarizes a student project on Digital India. It includes an acknowledgements section, introduction, objectives, discussion of objectives, data collection, research problems, and conclusion. The introduction provides background on the Digital India initiative and its goals of improving digital infrastructure, governance, and citizen empowerment. The objectives section outlines goals of studying the role of digital payments and mobile technology in rural areas and challenges/benefits of going cashless. Research problems discussed lack of education hindering survey responses. The conclusion finds that Digital India can improve living standards if proper training is provided given expectations for jobs, services, and efficiency.

1. Ankush Mondal
XII-C
4

2.  Acknowledgement
 Certificate
 Synopsis
 Introduction
 Objectives
 Discussion of objectives
 Data Collection
 Research Problems
 Conclusion
 Bibliography

3. I would like to express my special thanks of
gratitude to my Economics teacher
Mrs.Sunita Mohanty as well as our principal
Mr. Abhijit Saha who gave me the excellent
opportunity to do this wonderful project on
the topic DIGITAL INDIA They have helped
me in doing a lot of Research and I came to
know about so many new things.
Secondly, I would also like to thank my
parents and friends who helped me a lot in

5. Digital India is a campaign launched by
the Government of India in order to ensure the
Government's services are made available to citizens
electronically by improved online infrastructure and by
increasing Internet connectivity or making the country
digitally empowered in the field of technology.
It was launched in 1st July 2015
By Prime Minister Narendra
Modi

6. Digital India mainly focuses on:
 1) Providing digital infrastructure as a source
of utility to every citizen.
 2) Governance and services on demand.
 3) To look after the digital empowerment of
every citizen.
 Digital India was established with a vision of
inclusive growth in areas of electronic
services, products, manufacturing, and job
opportunities.

7. The Silent Revolution – The Payment System have Been evolving and changes
have been continuous over the last 35 Years , it has rarely got noticed as a
revolutionary change.
When people or businesses enter into economic transactions, i.e buy and sell
goods and services, the value thereof needs to be.The ‘money’ was in Early
days the precious metals like gold and silver. Later the governments issued
coins made of these precious metals as money ; still later , the paper money ,
the currency became the norm as the Money. Thus people settled their
Economic Transaction by paying in currency notes and coins. As the banking
system evolved , it becomes easier , safe and even remunerative to keep one’s
money in a bank account and became still more easier and safe to use ‘transfer
of money in bank accounts‘ for making payments for the economic transactions.
This was more so for large Value Transaction. Actually it is now used equally for
effecting low value transactions also.

8.  For Effecting This transfer of money in the bank accounts, a
payment instrument was needed to instruct the bank to effect
that transfer. This instrument was the ‘cheque’ for a very long
period. Thus a system consisting of the cheque as the payment
Instruments and an infrastructure around the cheque consisting
of the drawer bank, the drawer bank and the cheque clearing
house came on the sense and were known as Payment System

9. Today we can boost Of a strong Retail payments framework in
the country comparable to that of any advanced country
Perhaps even better that some of them in terms of The variety
and efficiency. Various types of payment instruments exist to
meet the requirements of different users in different
circumstances- bank accounts , cheques, debit and credit
cards, prepaid payment instruments etc. There are various
systems to meet the remittance requirements of users
depending upon their time critically and cost sensitivity –
National Electronic fund transfer (NEFT) , Immediate Payment
services (IMPS), Aadhaar Enabled Payment system (AEPS)
and recently Unified payments interface. The need for making
bulk and repetitive payments is met by systems such as
Electronic Clearing service (ECS), National automated Clearing
house (NACH) and Aadhaar payment bridge system (APBS)

10.  To study Role of digital India in Rural Areas
 To study Types of digital payment methods
 To study the Role of mobile in India going cashless
 To study Challenges with going cashless
 To study Pros and Cons of going digital

11. Digital India programme has launched many schemes that
focuses on the empowerment of rural entrepreneurs of
India. One of such schemes is enhancing Rural
Entrepreneurship through Common Services Centres
(CSCs).Rural entrepreneurs can get loan for setting up
their CSCs under the Micro Units Development and
Refinance Agency (MUDRA) Yojana. CSCs are information
and communications technology enabled service delivery
points at the village level for delivery of government,
financial, social and private services such as applying
online passports, land record, digital locker and Aadhaar
cards. Those who want to start such service points but do
not have funds can start their micro-ventures by taking
loans under MUDRA Yojana.

12. Another scheme for promoting rural entrepreneurship under
Digitial India Programme is through Internet Kiosks. Internet
Kiosk is a kiosk with one or more computers, a tablet,
Internet connection, with a web cam that can be the set up in
villages to be used as the hub of rural connectivity for
providing education and training, information about
agriculture and health care, employment news and market
information. These cyber-kiosks can be run by local
entrepreneurs thereby empowering the rural
entrepreneurship.

13.  RTGS/NEFT
It is one of the simplest method of cashless
transactions It is very safe option for online money
transfer, you need internet banking facility. Online
transfer using NEFT and RTGS is comparatively
faster than cheque and DD.In this method transfer
can be made from anywhere using internet facility

14. Banking cards offer the consumers more security,
control and convenience than other methods. The
various cards like credit,debit, prepaid offer
flexibility and provide 2 factor authentication for
secure payments e.g- secure pin and OTP. RuPay,Visa
etc.are some card payment system. They give people
the power to purchase items in stores,on internet,
through mail order catalogue and over the telephones.

15. PoS terminals are installed in shops or stores
where payments for purchases can be done
through debit and credit cards. There are
variations of PoS, one which can be Physical
PoS and the other one is mobile PoS. The
mobile PoS does away with the need of
maintaining a physical device

16. Unified Payments Interface (UPI) is a system that
powers multiple bank accounts into a single mobile
application (of any participating bank ),merging
several bank features, seamless funding routing and
merchant payments into one hood.It also caters to
the “peer to peer” Collect request.Each bank Provides
its own UPI Apps for Android,Windows And IOS
platforms.

17. NPCI is an umbrella organisation for operating retail payment and settlement
systems in India, it is an initiative of reserve Bank of India(RBI) and Indian
banks’Association (IBA) under the provisions of the payment and
settlement systems Act,2007, for creating a robust Payment and settlement
Infrastructure in India. Considering the utility nature of the objects of
NPCI, it has been incorporated as a “Not for profit company under the
provisions of section 25 of companies act 1956 with an intention to provide
infrastructure to entire banking system in India for physical as well as
Electronic payment and settlement systems

18.  Cyber security: Media reports have indicated cyber security
attacks in few banks’ systems, including in ATM transaction
processing systems. With growing Dependence on online delivery
of services, this becomes a serious concern and a area that has to
be strengthened immediately and continuously as it also has the
greatest potential to diminish the trust in electronic payments
 FRAUDS: While we have secured the safety Of transactions
through use of additional authentication factors, fraudsters
have been exploiting other weaknesses in customers to
defraud them. For instance, There have been increasing
number of social engineering and vishing frauds luring
customers to part with their confidential bank account/card
particulars.

19.  Customer Awareness: Even as we strengthen the systems
and processes, perhaps the greatest tool to fight the menace of
Frauds is building customer awarenes. In addition, an ‘aware’
customer is able to make the right choices in using different
systems taking into account the time critically of the payment,
the cost aspects and the risk aspect of exposing the underlying
payment instrument
 Customer Protection: Hand in hand with customer awarenes
goes the aspect of customer Protection and efficiency in
dealing with customer complaints/grievances. Earlier, generally
end to end payment services used to be offered by banks.
Today’s electronic payments are, However, made more
complex with participation of other non-bank entities whose
services may be used by banks in the form of outsourcing
arrangements or through entities that offer specialised services
integral to payment completion.

21. I. Convenience: The Ease conducting financial transactions is
probably the biggest motivator to go digital. You will no longer
Need to Carry wads of cash, plastic cards,etc. It is safe and
easy to spend while travelling. The benefits are enormous if we
leave out the low-income group, which will face a huge
challenge. For rest of the country, it is simple and constructive.
You have the freedom to transact whenever and wherever you
want
II. Convenient PoS Machine: Earlier the PoS Machines
were scaring small merchants with their bulky Size And cost
of payment but now they are not just affordable And smaller
but also come with monthly charges. They can now run
smoothly on low speed internet connections which were
also one of the problems Earlier

22. I. Budget Discipline: The written records will help you to keep
tabs on your spending and this will result in better budgeting.
Various apps and tools will help people in analyzing their
spending patterns and throw up good insights over a couple of
years. Controlled spending could also result in higher investing
II. Travelling Convinience: Gone are the days when we
had to carry large amounts of cash during any outstation
travel. Today, retailers all over the country have understood
the importance of going cashless and have started
accepting digital payments.Thus, elders can now easily
travel to and from other cities in India, without having to
worry about finding an ATM or running out of cash.

23. I. HIGHER RISK OF IDENTIFYING THEFT: With rising
incidents of online fraud, the risk of hacking will only grow
. Another weak link is the inadequate reprisal mechanism
II. Loopholes for stealing: The non-trch savvy will be
vulnerable even if they start using the e transactions to pay
and transfer services being offered by Paytm, digital
wallets etc. These people will not be very aware about
logging out and not saving their passwords here and there.
A large part of our nation is uneducated And everyone will
not be comfortable with the e- transactions
III. Limited internet access: Not everyone has a 4G
smartphone supporting high speed internet services
to console their transactions on high speed internet.
It is not very difficult to see that vendors and
masonry workers wil not be able to afford data packs
to support cashless transactions.

24. Primary Sources:
1)Consumer survey on Digital India
Secondary Sources:
1)Study Reports from Internet
2)Articles in newspapers and articles

25.  Some Peoples ignored Answer few questions
During Data Collection
 The lack of time to Carry out survey
 It involved a lot of time consumption For
analysing each data
 It was difficult for the people who were less
educated To Respond

26. Most of the people are aware Of digital India. From the survey we have concluded That
the digital India project definitely uplift the standard of living. People want to live in
digitalised city As it will provide better lifestyle through digital Services.Rural area
people will also Be able to adopt The digital changes only if Govt of India Will provide
The proper training and digital literacy.without a proper Training it will be difficult for
the Indians to adopt the digital changes in India. Digital India will be providing lots of
job opportunities and help in reducing Unemployment from the country. Service sector
will also undergo vast Change as people will able to Get work done Digitally. Time
taken for each task will be reduced. People Have lot of expectations from this project.
Goverment of India has to stand upto the Expectations

27. Books: Sahoo Niranjan and LohaNa R. Sarika – Demonitizatiom digital
India and governance
Articles: India’s digital transformation ,The Hindu by Kaushik Basu
Websites: 1)www.business-standard.com
2) Cashless society.org
3)economictimes.india times
4)livemint.com
5)moneyexcel.gov.in
6)wikipedia.org