In the wake of demonetisation of high-value currency notes, the country is facing severe cash crunch.
Thus Modi and his cabinet colleagues have been promoting the idea of "cashless" or "lesscash" society to tide over the difficult situation.
On Sunday, PM Modi directly appealed to the tech-savvy youth of the nation to spare at least two hours a day to teach the uninitiated as how to use e-banking and mobile banking.
Modi told the young audience that by joining the campaign they can hugely contribute in ending the black money menace--prevalent for the last 70 years.
"My mobile...my bank...my wallet," he said on Twitter. "The time has come for everyone, particularly my young friends, to embrace e-banking, mobile banking & more such technology."
As a part of the cashless or lesscash society, PM Modi has asked everyone to use e-banking or mobile banking as an alternative to cash, the most popular form of transaction across the country.