• T. NADIA

Cashless Economy refers to the term where the physical flow of currency notes and coins are replaced with digital flow of money, which includes use of plastic money, digital means and over the net transactions. Such a replacement doesn’t mean immediate removal of currency notes but slowly and gradually expelling of paper currency by means of following a proper procedure. Physical money means the paper currency notes and coins issued by the government as legal tender. Plastic money involves the use of plastic cards such as debit cards, credit cards, pre-paid cards, contact less cards etc. Electronic payment modes include all kinds of mobile wallets and payments made done through smart phones, laptops etc. Methodology is a systematic approach to solve a research problem. This study is analytical in nature. This section is intended to provide the conceptual framework and methodological orientation for the study on “Rural people’s perception on cashless transactions in Andaman and Nicobar Islands”. that there is a long way for India to become a cashless economy. People still lack trust and confidence while using digital payment methods. A lot of development in the field of infrastructure is required to make the dream of Digital India a reality. There are many people who are still not aware about the cashless economy not only in India but outside of India. Government has faced a lot of criticism in the past from the public for the various plans implemented on the public. There are a lot of challenges in fulfilling the dream of digital India but in the long run cashless economy will help in growth and will bring a lot of benefits and opportunities with it.

Cashless economy, Digital India, Transaction, Money, Payment.

"RURAL PEOPLE’S PERCEPTION ON CASHLESS TRANSACTIONS IN ANDAMAN AND NICOBAR ISLANDS: A STUDY OF NORTH AND MIDDLE ANDAMAN DISTRICT", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.10, Issue 8, page no.d602-d608, August-2023, Available :http://www.jetir.org/papers/JETIR2308378.pdf

"RURAL PEOPLE’S PERCEPTION ON CASHLESS TRANSACTIONS IN ANDAMAN AND NICOBAR ISLANDS: A STUDY OF NORTH AND MIDDLE ANDAMAN DISTRICT", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.10, Issue 8, page no. ppd602-d608, August-2023, Available at : http://www.jetir.org/papers/JETIR2308378.pdf