• Dilip Kumar Singh

On 2nd week of November 2016, two high-value currencies were removed from circulation, bringing the year to a close. It was initially dangerous, and it still comes up in many high-profile socio-economic debates. Even intellectuals, much of the alone political parties, had differing viewpoints. In a similar vein, in several states, serpentine lines formed in front of banks and ATM machines were out of cash. True to expectations, the poor, disadvantaged, and small business owners suffered the brunt of the consequences. Surprisingly, the country's most vulnerable citizens backed the government's proposal, hoping that it would help eradicate corruption and black money from the system. Entrepreneurs considered ways to reduce the risks of red tape and make conducting business easier. In this context, a research was conducted to determine how demonetization has impacted small business owners in Bhubaneswar, the state capital. The surveys were individually administered to a sample of 100 people. Microentrepreneurs and their businesses suffered the greatest burden, according to data analysis. However, their personal relationships, as well as their willingness to adhere to conventional company practices and commercial savvy, have helped them retain clients and weather the storm. Surprisingly, despite their support for demonetization and preference for digitalization, relatively few micro businesses were discovered to have converted to electronic payment. The rest of the time, it was business as usual, with cash reigning supreme in all manner of small transactions.

Demonetisation, Digital Economy, Electronic Transaction, MSME, Micro Entrepreneurs.

"Odisha’s Micro Entrepreneurs and Demonetization: An Overview", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 2, page no.819-824, February-2019, Available :http://www.jetir.org/papers/JETIRFH06138.pdf

"Odisha’s Micro Entrepreneurs and Demonetization: An Overview", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 2, page no. pp819-824, February-2019, Available at : http://www.jetir.org/papers/JETIRFH06138.pdf