Inaugurating a "Digidhan Mela" here to create awareness on the use of digital technology for monetary transactions, the minister expressed confidece that the demonetisation move would yield positive results.
"It will increase the tax payers' base and thereby generate more funds for development activities," he said.
In today's programme, Lucky Grahak Yojana and Digidhan Vyapar Yojana schemes, introduced by the Prime Minister last December to popularise e-payments and mobile banking was also discussed by R Prasad, VP, National Payments Corporation of India.
A number of PSU banks also participated in the Digidhan Mela and imparted technical knowhow to the fair visitors about digital methods of transaction.
Niti Aayog Advisor S Naik was also present on the occasion.