Akodara, Gujarat - a village in India which is complete cashless.
Many people in India may not be aware of being total cashless. We often depend in some way or other on hard cash to do our day to day activities. However there is a place in India where people do complete cashless transaction, Akodara, Gujarat
People across india are struggling to withdraw money and exchange Rs. 500 and Rs. 1000 notes from banks after the demonetization, odten standing in ques for hours and often not able to get even that.
However one village in Gujarat is handling the situation in a hassle-free manner – all thanks to digitization. Going cashless is nothing new for Akodara, India’s first digital village where all 220 families have e-banking facility. And residents use it for everything – right from buying milk and vegetables to bread and eggs. Their phones are linked to their bank accounts and they make instant transactions using the village WiFi.
Located about 90 km from Ahmedabad, in Sabarkantha district of Gujarat.
The village has a population of 1,200 and was adopted by ICICI bank as a part of Prime Minister Narendra Modi’s Digital India campaign.
People accept anything online above Rs 10.
The villagers have their accounts linked to their Aadhar cards, so government benefits are also transferred directly into their savings accounts.