B.V. V.

SANGHA’S

BASAVESHWAR ENGINEERING COLLEGE (Autonomous)

BAGALKOT
Department of Mechanical Engineering

AICTE ACTIVITY PROGRAMME

Activity Report based on

Digitalization of transaction
Submitted by:

Name of Student : Dhananjay Kathavate

USN : 2BA18ME018

Semester :7

Division :A

Under the guidance of

Dr. H M Kadlimatti
Associate Professor
Dept. of Mechanical Engineering
BEC, Bagalkot
Area selected for Activity:-Vidyagiri, Bagalkot

Introduction:
The Indian government has been promoting and propagating online payments aggressively,
starting with demonetization back in 2016. ‘Digital India’ had been the guiding force of many
economic and financial decisions that pushed Indians to switch to online payments.
The Digital India programme is a flagship programme of the Government of India.“Faceless,
Paperless, Cashless” is one of the professed roles of Digital India.

Objective:
• Improve the ease of conducting card/digital transactions for an individual.
• Reduce the risks and costs of handling cash at the individual level.
• Reduce costs of managing cash in the economy.
• Build a transactions history to enable improved credit access and financial inclusion.
• Reduce tax avoidance.
• Reduce the impact of counterfeit money.

Report Information:
All the teammates initially went to all types of shops and nearby street foods and cafes to
give them awareness and knowledge about how India is slowly moving to become a digital India.
We also mainly focused on teaching/providing awareness on digital payments. We explained as to
how digital payment system can help them in their day to day lives.
We also gave them the live demonstration of how digital payment can be used when a customer
who doesn’t have cash and can still pay for the service using digital payment in just a tip of the
finger within a minute. We further made them realize how convenient this system is and suggested
them to make the best use of digital payments in future.

Total duration for the activity:

Date Hours
05/022022 4
06/02/2022 4
11/02/2022 4
12/02/2022 4
13/02/2022 4
Total 20
Conclusion:

Digital payment methods, such as IMPS, NEFT, RTGS, IMPS, investments, bank
statements, bill payments, etc., are available on a single platform in mobile banking apps.
Banks themselves encourage customers to go digital as it makes processes easier for them.

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