A Gujarat village-Akodara-untouched by demonetisation

A village untouched by demonetisation.

Akodara has been in news for quite some time, especially after ICICI Bank announced to adopt the village in the Sabarkantha district under the 'Digital Village' pilot project.

However, this time, its in news for setting an example. Akodara has not been affected by demonetisation. Interestingly, the villagers here do not use hard cash in the area even to buy small confectioneries.

A mobile phone is enough to pay your bills and the villagers will show you how to go about it.

So much for Digital India. As far as demonetisation in concerned, the above-mentioned example is enough to justify that.

Reports suggest that rural India has been most affacted by Demonetisation because many villagers do not have bank accounts. But this village is different. Almost every villager here has a savings bank account with ICICI, which he/she can access through the local bank branch. Important transactions.

In fact, selling agri-produce at the local mandi or selling milk at the co-operative society - have been digitised and made cashless. The system has made them automatically less susceptible to corruption and fraud. Moreover, their accounts are linked to their Aadhar cards, which means the government benefits are directly transferred to their savings account.

This video by Discovery Channel says it all.