This village in Mizoram is using paper chits as currency notes to combat cash crunch of demonetization
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While the furore over cash crunch has taken over the entire country, the seven states in the To make things easier, one village in
This state has been in news earlier for its custom of Nghahloh Dawr (unmanned street shop).
This idea of cashless transaction in credit was proposed by P.C.
Otherwise the condition of most villages in these states is horrific. Limited number ATMs aren’t dispensing cash all the time and people have to wait for hours to withdraw Rs 500. For some villages, the nearest bank is located almost 50 km away and going to bank means losing a day. Also the poor transport has turned worse as most public transport is closed due to lack of liquidity.
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In such a crisis, currency from neighbouring country of
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