India’s First 100% Cashless Township

Inauguration of India's First 100% Cashless Township-GNFC Township

Question: Where is the India’s First 100% Cashless Township is located?
(a) Surat
(b) Ahmedabad
(c) Gandhinagar
(d) Bharuch
Ans: (d)
Related facts:

  • On 13 February 2017; The Gujarat Narmada Valley Fertilizers and Chemicals (GNFC) township in Bharuch has become country’s first ever “cashless township”.
  • Over 10,000 residents have embraced various digital mode of payments instead of cash.
  • It has facilities like a big Shopping Center, Restaurants, Eateries, Schools and Colleges, Hospital, Stadium, Guest House, etc.
  • Here, Paan shop, Laundry shop, Cycle repairing shop, Barber shop and flour mill all run through transactions by PoS machines and E-wallets like BHIM, UPI, SBI buddy, etc.
  • Gujarat Narmada Valley Fertilisers & Chemicals Limited (GNFC) is an Indian manufacturer of fertilizers and Chemicals.
  • The company was jointly promoted by the Government of Gujarat and the Gujarat State Fertilizer Company Limited (GSFC).

Reference:
http://www.gnfc.in/cashless-press-release.html
http://indiatoday.intoday.in/story/in-a-first-a-township-in-gujarat-goes-cashless/1/882043.html
http://timesofindia.indiatimes.com/city/surat/gnfc-countrys-1st-cashless-township/articleshow/57133959.cms