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Cheque facility may be withdrawn to push digital transactions?

The government is going digital and it seems, there are plans to withdraw cheque facilities to push digital transactions.
“In all probability, the Centre may withdraw the cheque book facility in the near future to encourage digital transactions,” Confederation of All India Traders (CAIT) Secretary General Praveen Khandelwal said.
Note that there are no reports/confirmation from government on this and this could be just at proposal level, but math does help push the cause.

“The government spends Rs 25,000 crore on the printing of currency notes and another Rs 6,000 crore on their security and logistics.
“Moreover, banks charge 1 percent on payments through debit card and 2 percent through credit cards. The government needs to incentivise this process by providing subsidy directly to the banks so these charges can be waived.” (source).

Also see: Paying digitally? You might get 2% tax concession under GST

Paying digitally? You might get 2% tax concession under GST

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