Educational institutes in Madhya Pradesh will now adopt cash-free transactions for financial and business conducts said Chief Minister Shivraj Singh Chouhan, in a meeting held on Tuesday. PR officer of Bhopal School of Social Sciences, Manju Mehta said that Rs.500 and Rs.1000 will not be accepted and students can make the online payments and to pay through Federal bank if any of the students want to pay in cash.
Additional news regarding demonetization include announcements that all the students should make use of credit card or debit card and e-banking facility for paying the fees from December 30th. Education department has directed registrars, principals, and the directors to make the appropriate arrangement for cash-free transactions before December 15th. Higher Education Principal Secretary Ashish Upadhyaya confirms that as per the government’s demonetisation policy, colleges will implement cashless banking using the Janbhagidari Samiti accounts, which make the administration easier without fear of getting banned. Also the colleges and the universities are requested to make use of point of sale (PoS) machines which will be made available.
Some of the students faced difficulties while paying the fees because the university had stopped accepting Rs.500 and Rs.1000 currencies as per the new demonetization policy. The students of Shivang Homeopathic College, Bhopal went on strike against the management for a brief period of time. The students alleged that the management is charging extra fees of Rs. 2000 as the examination fees. But later the administration of college had denied the charges.The real reason for charging the extra fees was not relating to demonetization but the students’ low attendance which the Director of Shivang Homeopathic College, Mr.Niraj Trivedi clarified.