SANSKRIT UNIVERSITY
TO GO CASHLESS
The Sree Sankaracharya University of Sanskrit at Kalady, near here, would soon
make all its cash transactions digital.The varsity Syndicate is considering a
proposal to adopt digital payment for receipt of fee and other remittances from
students and researchers. Registrar T.P. Raveendran told The Hindu on Wednesday that discussions
were held with various banks as part of accepting fee and money remitted by the
students online.The move comes close on the heels of a directive by the
University Grants Commission (UGC) asking all universities in the country to
switch to digital payment.
A letter issued by the UGC to the Vice
Chancellors of all affiliating universities on December 5 had pointed out that
an important component of the campaign for promoting a digital economy is to
ensure that every campus becomes completely cashless by adopting digital
payment systems in all its receipts, payments and transactions on the campus.
The initiative, titled Vittiya Saksharata Abhiyan, aims at educating and
training students in various modes of digital payments.
Mr. Raveendran said the Sanskrit
university, accredited with ‘A’ grade by the National Assessment and
Accreditation Council, had already created separate accounts under the public
financial management system for receiving funds provided by the UGC and
agencies such as the Department Science and Technology and the Indian Council
of Philosophical Research under the digital mode.Among the institutional-level
reforms proposed by the UGC, varsities have to accept all receipts online
besides asking the vendors/service providers on the campuses to finalise their
digital modes of payment. All shops/establishments on each campus have to go
digital through PoS machines/mobile wallets/mobile banking.
Prof. John Kurakar
.
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