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2 years from #Demonitisation Thread
As an MSME entrepreneurship I have seen a huge change on ground.
Most of my 50+ staff preferred cash salary.
In the months after demonetisation we could convince everyone for salary in bank accounts via NEFT .
Most had accounts already.
As an MSME entrepreneurship I have seen a huge change on ground.
Most of my 50+ staff preferred cash salary.
In the months after demonetisation we could convince everyone for salary in bank accounts via NEFT .
Most had accounts already.
Many opened accounts and even took ATM cards which thy hadn’t earlier .
Many have since applied/gotten smaller housing loans etc due to the maintenance of bank accounts and salary entry.
Before GST & demonetisation I would have many people asking for goods without bill.
Many have since applied/gotten smaller housing loans etc due to the maintenance of bank accounts and salary entry.
Before GST & demonetisation I would have many people asking for goods without bill.
During the demonetisation I would get calls from many people to adjust their cash on my books. The long term effect however was the scare that it created. The demand for no bill has dropped drastically. GST made it easier for people to claim the credit input .
