International Journal of Social Science & Economic Research
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D. Phil. Scholar, Nehru Gram Bharati

TRIPATHI, VIVEK. "Impact of Cashless economy in Indian: Benefits & Challenges." Int. j. of Social Science and Economic Research, vol. 4, no. 11, Nov. 2019, pp. 7135-7142, Accessed Nov. 2019.
TRIPATHI, V. (2019, November). Impact of Cashless economy in Indian: Benefits & Challenges. Int. j. of Social Science and Economic Research, 4(11), 7135-7142. Retrieved from
TRIPATHI, VIVEK. "Impact of Cashless economy in Indian: Benefits & Challenges." Int. j. of Social Science and Economic Research 4, no. 11 (November 2019), 7135-7142. Accessed November, 2019.


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This paper studied the impact of the policy of cashless economy in India. Cashless economy brings benefits as well as problems. One major advantage of digital cash is it's increased efficiency opening new opportunities especially for small businesses. On the other hand, it will encourage potentially the worsening of problems over taxation and money laundering. In turn, these problems may alter foreign exchange rates, disturb money supplies and encourage an overall financial crisis. The study is conducted in Allahabad region & data was collected with the help of structured questionnaire and analyzed using simple percentage method. Major challenges that can hinder the implementation of the policy are- cyber fraud, high illiteracy rate etc. The study shows that the introduction of cashless economy in India can be seen as a step in right direction. It helps in growth and development of economy in India.