AP gets Rs.2,500 crore, to receive another Rs.1,600 crore this week

Vijayawada, December 19: The Reserve Bank of India (RBI) has sent Rs.2,500 crore to Andhra Pradesh and will be sending another Rs.1,600 crore on Wednesday, Chief Minister N. Chandrababu Naidu said today.

He said Rs.2,500 crore sent to the state on Saturday was sent to all banks and ATMs. This includes Rs.500 crore in denomination of Rs.500 notes.

Naidu said Rs.1,600 crore to be made available to the state on Wednesday will also include Rs.500 crore in Rs.500 notes. The chief minister hoped that with the availability of small denomination notes, the pressure will ease considerably.

He held a teleconference with district collectors, bankers and officials of finance department. 

The chief minister said less cash and more cashless transactions was the only solution to the current problem faced by people. He wanted officials to take all steps to encourage digital transactions.

Naidu called for creating awareness on online transactions among farmers, DWACRA women and labourers working under national rural employment guarantee programme. 

The chief minister also directed officials to introduce cashless transactions in all ‘raytu bazars’ . He said WiFi facility should be provided in all these markets to enable people to go for cashless transactions.

Naidu also asked officials to ensure cashless transactions in all universities by providing WiFi facility. He pointed out that the facility was already launched in few universities.

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