CASHLESS

RURAL INDIA
KEWAL KRISHNA BHOI
AMBER GUPTA
ANURAAG SHARMA
INDIAN INSTITUTE OF
MANAGEMENT RAIPUR

CHALLENGES
Low Internet Penetration-34.8% of
population

Every 4th transaction fails on Indias

biggest e-commerce website IRCTC

More than 90% of the population Lacks

Digital Literacy

Lack

of Robust
Infrastructure

&

Secure

IT

Limited coverage of 3G/LTE Telecom

network

IMPACT ON RURAL ECONOMY

Short-term demonetization impact
increased unemployment in informal sector
Shrinking incomes in Rural India
Liquidity crunch affecting consumption expenditure in rural as well as urban India

Long Term Impact

Will Create awareness towards digital & financial literacy
GDP and Per Capita income might take a hit
Online phishing, scam & fraudulent can surge

E-LEARNING
THROUGH
SATELLITE
ENABLED
TABLETS

Yazmis Solar powered

Satellite tablets can be
distributed
in
rural
panchayats & schools

Each Tablet costs 9000Rs.

Skill development can also

be enabled to check short
term unemployment

It will provide Financial &

Digital learning through
MOOC platform

INDIAN
CRYPTOCURRENCY

Investment in Development of
Blockchain Based Indias own
digital cryptocurrency

Harnessing secure and seamless

currency monitoring and control in
long-term

Very Transparent and efficient

system to prevent all kind of
financial crimes

THANK YOU