• Dr.A.Mahalakshmi
• Dr.G.Vijaya Kumar

The objectives of demonitisation announced by Indian Government on 8th November 2016 were to nullify black money hoarding, curb counterfeit notes and terror financing.Though the intentions of this policy have been good enough leading the country towards prosperity, the move created unpredicted troubles among the common public, industries, financial markets and financial system in particular. It has lead to increased cashless transactions in the formal business sector. But the most affected sector was small businesses serving the necessities of the public.Though demonetisation move has brought a change in the way business transactions are conducted, majority of the small businesses could not have a rapid shift towards e-payment. A sample of 117 small business owners have been surveyed in Yeshwantpur, north western part of Bangalore, India to determine if small business community carries out cash based or e-payment based transactions and also the way to obtain credit for their businesses in the context of completion of one and a half year since demonetisation announced. Out of 120, three respondents were reluctant to reveal demographic details and did not express their responses and hence the responses by 117 respondents were considered for data analysis. The results of the study indicated that small businesses have started using mobile applications primarily for communiucation purpose and that a positive sign of transformation from cash based to e-payment based transactions in the suburban part of Bangalore has been found.

Keywords: Demonetisation; cashless transaction; small business; necessities

"ARE SMALL BUSINESSES DRIVEN BY CASH OR E-PAYMENT BASED TRANSACTIONS DURING POST DEMONETISATION?- AN EMPIRICAL STUDY UNDERTAKEN AT YESHWANTPUR IN BENGALURU CITY, INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 2, page no.307-313, February-2019, Available :http://www.jetir.org/papers/JETIR1902844.pdf

"ARE SMALL BUSINESSES DRIVEN BY CASH OR E-PAYMENT BASED TRANSACTIONS DURING POST DEMONETISATION?- AN EMPIRICAL STUDY UNDERTAKEN AT YESHWANTPUR IN BENGALURU CITY, INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 2, page no. pp307-313, February-2019, Available at : http://www.jetir.org/papers/JETIR1902844.pdf