An Empirical Study on Implementing Efficient Cashless System in Southern Rajasthan

Abstract

This paper reveals insights of rural and urban people of Southern Rajasthan on cashless system. Not only urban but also rural people put considerable impact on development of the country economically and socially. With the up-and-coming developments of the technology rural people can also go upwards. The study was conducted in Southern Rajasthan to understand whether the cashless system can be adopted by people of Southern Rajasthan or not. All the data have been collected with the help of a structured questionnaire and analyzed. Respondents’ answers reveal that cashless economy can become a powerful tool in reducing black money and forged money and stealing of money. Many of them were disagreed that cashless economy system can fight with terrorism. However, it is general truth that, after adopting any software-based system not only economy but efficiency of getting various financial reports instantly increases. Many rural people rely on cash-based system rather cashless due to unawareness of computer system, bad hands in Internet, afraid from cyber fraud. Few challenges are very slow Internet connections, less or almost nil hardware support agencies, electricity shortage, etc. The result of the hypothesis testing using Pearson chi-square was showed that there is a significant relationship in the predicted attributes on the users’ intention to use cashless system.