The bank adopted Akodara village in Gujarat and developed it into a digital village through means such as cashless banking and e-health, according to the Deccan Chronicle, an Indian newspaper.
Indian Prime Minister Narendra Modi spoke at the dedication of the digital village and said cashless transactions could be a solution to the problem of so-called "black money," funds earned on the Indian black market.
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"Of many solutions to tame black money, cashless transaction is one of the very important solutions," Modi said. "This is a very big opportunity and we should promote this. People should inculcate the habit of cashless transaction."IBN data by YCharts