Digital and cashless economy on Msmes - A special reference with Peenya industrial area, Bengaluru

Abstract

Organized sectors are already familiar with digital economy through banking one way or other. Micro, Small and Macro Enterprises (MSMEs) may or may not have bank account due to their level of transactions and the ways they do their business, make them to continue to remain in the SME sector and not scale beyond a point. So a good percentage of this Group of people is unbanked and away from digital economy. Micro and SMEs are generating employment and helps for the promotion of the large scale sectors’ development especially for the rural India. This study was made an attempt to analyse the impacts on digital and cashless economy of MSMEs in Peenya Industrial Area, Bengalure.