No More Cash Payments In Colleges And Universities

No more cash payment in colleges and universities only digital transactions
No more cash payment in colleges and universities only digital transactions

A new declaration made by the government as centre directed all the higher educational and universities across India and not to accept fees payment in cash mode by students from the next academic session. The Ministry of HRD has directed all UGC (University Grand Commission) to issue this guideline to all higher educational institutions that all the payments must be made in the digital form.

Digitization in colleges universities no payments would be accepted in the form of cash
Digitization in colleges universities no payments would be accepted in the form of cash

The direction to university said, “All receipts and payments related to the functioning of the institutions including student fees, exam fees, vendor payments and salary/wage payments shall be made ‘only’ through online or digital modes.”

The directions further stated, “For all students’ service in the hostels, the digital mode should be used for all transactions. All canteens and business establishments on the campus may be encouraged to resort to only digital modes for their receipts and payments using the BHIM app by linking their bank accounts with Aadhaar.”

The centre has been asked to recognize the transaction that is being done in cash mode and also search the different ways to replace them with digital payments. In conjunction to this, the government has asked the universities to select a nodal officer for this purpose and simultaneously send a report to the UGC every month.

Fees would not be accepted by colleges and universities in cash
Fees would not be accepted by colleges and universities in cash

This step is taken to encourage the digitalization in the country to curb the black money and bribe which is prevailing in India. From past few month, India has transformed drastically in a positive manner another step towards the development of the nation. We hope you find this post informative, so visit again to our website for more and latest updates and don’t forget to like, comment, and share. You inspire us to write more and we love doing that. Stay connected, stay tuned to insiderindian.com. Thanks for reading, keep reading, keep motivating!!

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