Demonetisation: Chandrababu Naidu says gains to come in long run

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New Delhi: Demonetisation problems are temporary but the gains in the long run will be fruitful, Andhra Pradesh Chief Minister N Chandrababu Naidu said as he enlisted the steps taken by his government to help the people in this situation.

The Andhra government has adopted several innovative ways to solve the problems of the people and become a role model state in the country in cashless transactions, he said.

The steps taken by the state government include setting up of four committees to oversee cashless transactions, arrangement of 19,000 e-PoS (Point of Sales) machines involving students and self-helf women’s groups and starting a mobile application ‘AP Purse’.

“The demonetisation problems are temporary but the gains in the long run will be fruitful,” he said.

The Chief Minister urged the people to endure the currency crisis for some more time to come and asked them to face it in a challenging spirit.

To overcome the problems post scrapping of the high value currency of Rs 500 and Rs 1,000, the Andhra government is planning to distribute free mobile phones to people, particularly the economically-backward classes to undertake cashless transactions, Naidu said.

Naidu, who has been holding teleconferences with bankers and officials to ensure that problems of people are minimised, has announced the decision to set up four committees to oversee cashless transactions, Jan Dhan bank account and Rupay dealings and overall expenditure.

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