EFFECT OF LOCKDOWN ON USAGE OF PLASTIC MONEY

Veronika Bhagoria Dr. Sarita Rana

Abstract


Abstract:- Today the whole world is going through its difficult time. As the world is suffering from severe pandemic which has led to huge economic degradation. So, as a part of the world India is also facing similar problems. To survive in such situation India has announced lockdown which means less business for the country. This has affected the availability of liquidity in the country. In such situation plastic money can play a great role to maintain the liquidity within the country. This paper includes the information about the current economic health of the country and whether the usage of cards is beneficial or not in such crucial time. Also, it includes problems that are being faced by the people of the country by the usage of cards during this period.

Keywords:- Debit cards, Credit cards, Lockdown, pandemic, corona, COVID-19 etc.


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References


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