Source: News Bharati English07 Dec 2016 11:50:38

New Delhi, December 7: The Universities Grants Commission UGC has asked universities and its affiliated institutions to launch a month-long campaign to create awareness about cashless and digital transactions among students and shopkeepers from December 12. The mission is to ensure that all campuses become cashless by adopting digital payment systems in all its receipts, payments and transactions.

“Participation in the campaign by youths studying in higher educational institutions is relevant because they would be the main beneficiaries of a digital economy that is free of corruption, black money and is completely transparent and just,” UGC secretary Jaspal Sandhu said in a letter addressed to state universities.

The commission said this would bring in accountability, transparency and seamlessness in the process of transfer of grants. While already using cashless modes in its process, the commission said it has virtually made payments cashless and decreased the interface between stakeholders and employees of the organization.

In a letter to the universities, UGC said that a month-long campaign from December 12 can be run to educate and train students in various modes of digital payments. The UGC has asked institutes to rope in volunteers associated with the National Service Scheme (NSS) and National Cadet Corps (NCC) for the initiative. The volunteers will adopt one market outside campus and help shop owners make the transition to digital transactions. A similar campaign will be rolled out in IITs, NITs and other state-funded institutes.

The commission typically disburses grants through its flagship Public Financial Management System (PFMS). Each university is required to register by filling up details on the portal to ensure funds reach them as scheduled. "The Commission had introduced disbursement of grants through the Public Financial Management System and to ensure timely disposal of fellowships and scholarships, the UGC is vigorously following the policy of their disposal through Direct Benefit Transfer which also uses the PFMS transfer," stated the circular.