Short of cash? Soon, you may not need it in Maharashtra

 

 In keeping with the central government’s push for a cashless economy, the State government has put together a comprehensive plan to introduce e-payments for all government services in Maharashtra. This will include examination fees, hospital charges, Metro and Monorail fares, and parking charges. “With this decision, we have moved to a cashless Maharashtra,” a senior State government official told 

The new policy was approved by Chief Minister Devendra Fadnavis this week, and will come into effect soon. Government departments have already been directed to implement the policy at the earliest. The State government has also asked the Centre to mandate a point of sale (POS) to debit card ratio for banks and offset capital expenditure for installing POS terminals.

“We have asked the Centre to subsidise the cost of POS, extend depreciation benefits for POS terminals, discontinue convenience fee and order telecommunication companies to waive the mandatory Rs. 1.50 transaction charge,” a State finance department official said.