An insight of working women into cashless transactions in select districts of Tamil Nadu

Abstract

Cashless economy is a paradigm shift in the Indian Economy, particularly in the post-demonetization period. The barter system was replaced by the introduction of money – coins and currency notes. It helped the people to exchange goods and services by the common medium of exchange. Cost of producing coins paved the way for the circulation of more currency notes. Higher denomination currencies were brought into use to facilitate the business people to carry out their business activities easily. However, on the flip side, there emerged the issues of fake currencies, black money, etc. The measures taken from time to time to address these issues were found to be inadequate and inappropriate. Having realized the seriousness of the issues, the digitalization has been encouraged. Even though there have been challenges like lack of awareness, lack of adequate infrastructure and cyber crimes, it is pleasure to note that the cashless transactions are accelerated. Working women have been one of the influential sections of the society towards the economic growth of the country. Digital transactions could enable them to have faster and safer economic transactions. It is imperative to understand the perception of working women about the cashless transactions. Coimbatore, Erode and Salem are the emerging districts and are contributing more towards economic growth of the State of Tamil Nadu. Hence, an attempt has been made in this study to depict the insight of the working women into the cashless transactions in the select districts of Tamil Nadu.