DIGITAL INDIA

Digital India
A programme to transform India into a digitally
Empowered society and knowledge economy.
DIGITAL INDIA
 DIGITAL INDIA

NAME: SOUMYA SUDHIKATTU

ROLL NO: 5

STD: 12th HUMANITIES

TOPIC: DIGITAL INDIA

PROJECT
WORK
DIGITAL INDIA

INDEX
TITLE
ACKNOWLEDGEMENT.
SYNOPSIS.
INTRODUCTION.
OBJECTIVES.
DISCUSSION OF OBJECTIVES.
DATA COLLECTION.
RESEARCH PROBLEMS.
CONCLUSION.
BIBILIOGRAPHY.
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ACKNOWLEDGEMENT
Primarily, I would thank God for being able to complete this project
with success. Then I would like to thank my Economics teacher Mr.
Naitik Sir, whose valuable guidance has been the ones that helped me
patch this project and make it full proof success his suggestions and his
instructions has served as the major contributor towards the
completion of the project.

Then I would like to thank my parents and friends who have helped me
with their valuable suggestions and guidance has been helpful in
various phases of the completion of the project.

Last but not the least I would like to thank my classmates who have
helped me a lot.
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SYNOPSIS
DIGITAL INDIA is a campaign launched by the government of India
in order to ensure the Government’s sources are made available to
citizens electronically by improved online infrastructure and by
increasing Internet Connectivity or making a country digitally
empowered in the field of technology.

It was launched in 1st July, 2015 by Prime Minister Shri Narendra Modi.
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DIGITAL INDIA MAINLY FOCUSES ON:

1) Providing digital infrastructure as a sources 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 , product manufacturing and job
opportunities.
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INTRODUCTION
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 there of needs to be. The
‘money’ was in early days the precious metals like gold and silver.
Later the government issued coins made of these metals as money,
the currency became the norm as honey. Thus, people settled their
economic transaction by paying in currency notes and wins.

Continue...
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CONTINUE…
 As the banking system evolved, it becomes easier safe and remunerative
to keep one’s money in a bank account and become more easier and safe
to use transfer of money in a bank account for making payments for the
economic transactions. This was more so far large value transaction.
Actually it is now used equally for affecting low value transactions also.
 For effecting this transaction 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.

Continue…
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CONTINUE…
 Today we can boost of a strong retail payments framework in the country
comparable to that 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 account, cheques, debit and credit cards, prepaid
payment instruments etc.. There are various systems to meet the
maintenance requirements of users depending upon their time critically
and cost sensitivity. National Electronic Fund Transfer [NEFT], Immediate
Payment Services [IMPS], Aadhar 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 services
[ECS], National automated clearing house [NACH] and Aadhar Payment
Bridge System [APBS].
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OBJECTIVES
 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 going with cashless India.

 To study PROS and CONS of going digital.

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ROLE OF DIGITAL INDIA IN RURAL AREA

 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 [CSES]. Rural entrepreneurs can get loan for setting up
their CSES under the Micro Units Development and Reliance Agency [MUDRA] Yojana. CSES
are information and communications technology enabled service delivery of government,
financial, social and private services such as applying online passports, land record, digital
locker and Aadhar cards. Those who want to start such source points but do not have funds
can start their micro-ventures by taking loans under MUDRA Yojana. Another scheme for
promoting rural entrepreneurship under Digital 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 setup in providing education and training, information
about agriculture and health care, employment news and marketing entrepreneurs there
by empowering the rural entrepreneurship
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TYPES OF DIGITAL PAYMENT METHODS:

 RTGS/NEFT.

 BANKING CARDS.

 POINT OF SALES.

 UNIFIED PAYMENTS INTERFACE [UPI].

 NATIONAL PAYMENT CORPORATION OF INDIA [NPCI].

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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 & RTGS is
comparatively faster than cheque & DD. In
this method transfer can be made from
anywhere using internet facility.
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BANKING CARDS:
 Banking cards offers the consumers more security,
control and convenience than other methods. The
various cards like credit, debit, prepaid offer
flexibility and provide two factor authentication for
secure payments e.g. – secure pin and OTP. Rupay,
visa etc. are same card payment system. They give
people the power to purchase items in stores, on
internet, through mail order catalogue and over the
telephones
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POINT OF SALES
 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 a way
with the need of maintaining a physical
device.
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UNIFIED PAYMENTS INTERFACE (UPI)

 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.
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NATIONAL PAYMENT CORPORATION OF INDIA

 NPCI is an umbrella organization for operating retail
payment and settlement systems in India, it is an
initiative of reserve bank of India (RBI) and Indian
banks Association (ICA) under the provisions of the
payments 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.
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CHALLENGES WITH GOING CASHLESS:

 CYBER SECURITY.

 FRAUDS.

 CUSTOMER AWARENESS.

 CUSTOMER PROTECTION.
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CYBER SECURITY
 Media reports indicated cyber security attacks in few bank systems,
including in ATM transaction processing systems. With growing
dependence on online delivery of services, this become 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.
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FRAUDS
 While we have secured the safety of transactions through use of
additional authentication factors, fraudsters have been exploiting
other weaknesses in customers to re-fraud 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.
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CUSTOMER AWARENESS
 Even as we strengthen the systems and processes, perhaps the
greatest tool to fight the menace of Fraud is building customer
awareness. In addition, an ‘aware’ customer is able to make the
right choice in using different systems into account the time
critically of the payment, the cost aspects and the risk aspect of
exposing the underlying payment instrument.
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CUSTOMER PROTECTION
 Hand-in-hand with customer awareness goes the aspect of
customer. Protection and efficiency in dealing with customer
complaint grievances. Earlier, generally end-to-end payment
services used to be offered by banks.

 Today’s electronic payments area, 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 specialized services integral to payment
completion.
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PROS & CONS OF GOING

DIGITAL
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PROS:
 CONVENIENCE.

 CONVINIENT POS MACHINE.

 BUDGET DISCIPLINE.

 TRAVELLING CONVINIENCE.
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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.
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CONVENIENT POS MACHINE

 Earlier the POS Machines were scaring small merchants with their
bulky size and cost but also come with monthly charges. They can
now run smoothly on low speed internet connections which were
also one of the problems earlier.
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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 would also
result in higher investing.
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TRAVELLING CONVENIENCE
 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.
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CONS:
 HIGHER RISK OF IDENTIFYING THEFT.

 LOOPHOLES FOR STEALING.

 LIMITED INTERNET ACCESS.

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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.

 The negative impact of identifying theft can have severe

consequences. The impact of identifying theft is not only on
individuals but on society, the economy, teenagers, business, youth,
etc. The victim of the crime may lose anything that has a value that
is money, property, etc. also the victim will not only lose financially
but also struggle with the misuse of personal data which has a
profound effect on the reputation, peace, safety and other basic
values that contribute satisfaction of many desires or needs.
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LOOPHOLES FOR STEALING

 The non-tech 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.
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LIMITED INTERNET ACCESS

 Not everyone has a 4G/5G 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 will not be able to afford data packs to support cashless
transactions. Sometimes, people with 4G/5G smartphone not able
to do cashless transactions because of low data server or server-
down of any digital payment platform.
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DATA COLLECTION:
o PRIMARY SOURCES:
 Consumer Survey on Digital India.

o SECONDARY SOURCES:
1) Study Reports from Internet.
2) Articles in newspapers and articles.
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RESEARCH PROBLEMS:
 Some peoples ignored answer few questions during Data Collection.

 The lack of time to carry out survey.

 It included a lot of time consumption for analyzing each data.

 It was difficult for the people who were less educated to respond.
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CONCLUSION:
 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. As it will provide better lifestyle through digital services. Rural
area people will also be able to adopt the digital changes only if
Government 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 the project.
Government of India has to stand up to the expectations.
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BIBILIOGRAPHY:
 Books: Demonetization, Digital India & Governance by Dr. Niranjan Sahoo
& Dr. Sarika R. Lohana.

 Articles: India’s digital transformation, The Hindu by Kaushik Basu.

 Websites:
 www.business-standard.com
 https://en.wikipedia.org/wiki/Cashless_society
 https://economictimes.indiatimes.com/configspace/etmain_static/co
ntent/defaultinterstitial.html
 https://www.livemint.com/
 https://moneyexcel.com/
 https://blog.ipleaders.in/identity-theft-our-identity-is-now-a-threat/
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THANK YOU.....!!