A leap towards Cashless India: An Empirical Study of Consumer Perceptibility

The present paper highlights the feasible consequences of demonetisation on various economic variables and entities .In this research work the researcher highlights the importance of cashless economy. The researcher also explores the effect of demonetisation on the society and also explains attitude of the people towards demonetisation. The research is descriptive in nature the data is collected through convenient sampling. Now in the time, when we have the cashless transactions flowing, are the cash dependent masses readily accepting the change of the modes of transaction; from cash to cashless? And to know this very phenomenon, we have taken into account the study, which collects the perception of the people towards the changing modes of transaction. The study was conducted in Dhaurra Mafi town, Aligarh District, Uttar Pradesh. The present paper tries to address these questions by using, statistical measures; simple percentage analysis, averages and the Pearson’s Chi-square test for independence has been used to test the hypotheses. The study found out that age, education and occupation play a significant role in preference of cashless transactions, while gender and income has no effect over the preferences. And while cashless transactions are done, the most used is plastic cards.