PM launches GNFC’s cashless/less cash township model across 12 States

PM launches GNFC’s cashless/less cash township (नगरी) model across 12 States

Prime Minister Narendra Modi launched in Nagpur, a cashless/less cash township model, developed by Gujarat Narmada Valley Fertilizers and Chemicals Ltd (GNFC), across 81 townships in 12 States. These townships will deliver 2.5 lakh cashless transactions(लेनदेन) per day, translating into 9 crore cashless transactions(लेनदेन) in a year. GNFC’s township at Bharuch in Gujarat became India’s first cashless township after demonetization.  

The 81 townships included 56 in Gujarat and 25 in other States that have chosen to follow the cashless or less cash model. GNFC facilitated(सुविधा दी गई) the model across these States under the auspices (संरक्षण) of National Institution for Transforming India Aayog.

Takeaways from above News-

PM Narendra Modi launched in Nagpur a cashless/less cash township model.

Gujarat Narmada Valley Fertilizers and Chemicals Ltd is full form of GNFC.

GNFC’s township at Bharuch in Gujarat became India’s first cashless township.