Govt. To Promote Lower Denomination Notes, Expand Digital Payments:

Finance Minister Nirmala Sitharaman has stated that the government will promote lower denomination notes and expand digital payments. This strategy aims to enhance financial inclusion and facilitate everyday transactions. Promoting lower denomination notes ensures accessibility for various economic activities, while expanding digital payments reduces reliance on cash, improves transparency, and boosts economic efficiency. The government's focus on both aspects reflects a comprehensive approach to modernizing the payment ecosystem, catering to diverse needs across the population, and fostering a less-cash economy.