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Meghalaya Government Signs Two MoUs With SBI For Digital Transactions

Meghalaya Government Signs Two MoUs With SBI For Digital Transactions


  1. Meghalaya signs MoUs to migrate government transactions to digital mode
  2. MoUs with SBI are for their SBIePay and SBI CMP facilities
  3. MoUs will give people the platform for conducting financial transactions
Shillong: Shillong: Meghalaya government signed two MoUs with the State Bank of India as a part of an initiative towards migrating government transactions to digital mode, on June 19. With the implementation of the Goods and Services Tax (GST), these MoUs are expected to give dealers and other citizens the desired platform for conducting financial transactions with the state government on a digital platform, finance secretary Sanjay Goyal said. The state government has already established a new treasury called as Cyber Treasury, which dedicatedly handles all online transactions of government receipts across the state centrally for a few selected departments, he added.

Also Read: How Visakhapatnam Is Moving Towards Becoming India's First Cashless City

The state government will now escalate its transactions for collection of tax and non-tax revenue through the online system - Government Receipt Accounting System (GRAS) covering all departments in a phased manner, Mr Goyal said.

GRAS is being implemented in coordination with NIC, Shillong. This facility will be available through the gateway provided by SBIePay under the MoU, he said. SBI CMP will help the state government to make its payments online and will reduce paper work and manual reconciliation of government transactions, he said.
The MoU was signed by Mr Goyal on behalf of the state government and SBI DGM Rajeev Arora.

Also Read: From Electricity Bills To Shopping, Telangana's T Wallet Is A Truly Holistic Payment Wallet

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

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About The Campaign

About The Campaign

NDTV along with MasterCard is launching a multi-platform campaign “Cashless Bano India”, to create digital awareness and educate the masses about digital payment solutions for day to day transactions.

The campaign aims to take the message of a cash free India to the country, all while educating them on the ways and means to do it.

We aim to reach out to people and educate them on:

1). Digital and financial literacy

2). New generation digital payment solutions

3). Enabling merchants and consumers to understand and adopt secured and safe payment Solutions

4). Ease of usage at point of sales