1. SUMMER INTERNSHIP REPORT
“Relevance of Plastic Money Over Paper Money in India”
25-09-2017
Research Guide: Submitted By:
Ms. Sharda Vyas Gautam Chopra
Assistant Professor BBA-V
SOCM Finance & Accounts
3. OBJECTIVES
Primary Objective:
To know the perception of people towards plastic money.
Secondary Objective:
To know the usage of plastic money in the daily life of consumers
To know the perception of people in relevance to the Role of Plastic money to
curb black money from the economy.
To find out which is the most reliable source of payment for people in the two
selected cities.
4. INTRODUCTION
Plastic money or polymer money, made out of plastic, is a new
and easier way of paying for goods and services.
Paper Money is money made up of paper. The official paper
currency that is circulated for transaction related purposes.
5. RESEARCH METHODOLOGY
1. Area/ Location of which sample has been taken:
Surat, Gujarat
Agra, Uttar Pradesh
2. Sampling Size:
Surat = 102 respondents
Agra = 100 respondents
Total sample size = 202
3. Sampling Unit:
All individuals who were eligible to use and who have plastic money.
All individuals above 18 years of age.
6. 4. Sampling Technique:
Convenience sampling
Simple random sampling.
5. Mode of Data Collection:
Primary Data Source: Scheduling Questionnaire
Secondary Data Source: Online articles, reports, etc.
10. 6, 22%
5, 19%
13, 48%
3, 11%
REASON FOR NOT PREFFERING
PLASTIC MONEY (SURAT)
INSTABLE INCOME
LACK OF KNOWLEDGE
MALPRACTICES BY OUTLET
OWNERS
LACK OF TRUST MISUSE BY
OTHER
18, 22%
5, 6%
59, 72%
REASON FOR NOT PREFFERING PAPER
MONEY (SURAT)
FEAR OF THEFT
INCREASING DUPLICITY
WEAR & TEAR
11. 8, 19%
7, 16%
3, 7%
25, 58%
REASON FOR NOT PREFFERING PLASTIC
MONEY (AGRA)
INSTABLE INCOME
LACK OF KNOWLEDGE
MALPRACTICES BY OUTLET
OWNERS
LACK OF TRUST MISUSE BY
OTHER
21, 38%
26, 46%
9, 16%
REASON FOR NOT PREFFERING PAPER
MONEY (AGRA)
FEAR OF THEFT
INCREASING DUPLICITY
WEAR & TEAR
12. 84%
16%
Do you think Plastic Money will
peneterate more in future? (SURAT)
AGREE DISAGREE
81%
19%
Do you think Plastic Money will
peneterate more in future? (AGRA)
AGREE DISAGREE
13. 80
23
0 10 20 30 40 50 60 70 80 90
YES
NO
MORE & MORE TRANSACTIONS TRHROUGH CREDIT
CARD & DEBIT CARD WILL HELP TO CURB BLACK
MONEY CIRCULATION IN ECONOMY? ( SURAT)
YES
63
30
4
0 10 20 30 40 50 60 70
YES
NO
NO COMMENTS
MORE & MORE TRANSACTIONS TRHROUGH CREDIT
CARD & DEBIT CARD WILL HELP TO CURB BLACK
MONEY CIRCULATION IN ECONOMY? ( AGRA)
YES
14. PLASTIC
MONEY
18%
PAPER
MONEY
82%
WHICH HAS MORE LIFE?
(SURAT)
PLASTIC MONEY PAPER MONEY
PLASTIC MONEY
27%
PAPER MONEY
73%
WHICH HAS MORE LIFE?
(AGRA)
PLASTIC MONEY PAPER MONEY
+ = PAPER
MONEY,
77%
PLASTIC
MONEY
23%
WHICH HAS MORE LIFE?
PAPER MONEY PLASTIC MONEY
15. 65%
35%
CREDIT CARD IS EXPENSIVE
OR NOT? (SURAT)
YES NO
80%
20%
CREDIT CARD IS
EXPENSIVE OR NOT?
(AGRA)
YES NO
+ = 72%
28%
CREDIT CARD IS EXPENSIVE
OR NOT?
YES NO
16. VIEWS OF RESPONDENTS ON FUTURE OF CASH
& CARD (SURAT)
• LESS CASH & MORE CARD-2
• CARD WILL CIRCULATE
• EQUALLY BE USED
• CARD
• CASH WILL BE USED-3
• CARD WILL BE USED MORE-4
• BOTH WILL BE USED-5
17. VIEWS OF RESPONDENTS ON FUTURE OF CASH & CARD (AGRA)
• PLASTIC MONEY WILL BE CIRCULATED WITH MORE FACILITIES
• GOOD
• ONLY CARD WILL CIRCULATE & CASH WILL DISAAPEAR LIKE FOREIGN COUNTRIES
• CARD IS BETTER
• CARD IS MORE FAVOUURABLE- 11
• NIL
• CARD HAVING BRIGHT FUTURE
• NO COMMENTS-2
• BRIGHT FUTURE OF CARD
• LESS CASH MORE CARDS-2
• INCREASE IN USED OF CARD-2
• MORE USEDOF CARDS- 7
• CAN’T SAY
• CASH WILL BE USED BY EVERY PERSON & THE CASH WILL INCREASE, CARD WILL ALSO INCREASE BUT ONLY IN MIDDLE CLASS & UPPER CLASS SOCIETY
• BOTH WILL BE USED-8
• CASH IS MORE RELIABLE SO PEOPLE WILL USE MORE CASH THAN CARD-4
• NO CASH ONLY CARD & CHEQUE-4
• CASH WILL NOT BE USED AS MUCH AS CARD
• CASH WILL BE USED IN LESS AMOUNT
• MODI IS GOING TO LOOSE ( SAURABH GOYAL)
19. CONCLUSION
Increased preference & trust towards plastic money.
Increased awareness – Boost in Indian economy.
Even after demonetisation more than 45% of people give
preference to Paper Money.
More than 70% of people think that more and more
transaction of plastic money will help to curb black money
from the economy.
20. BIBLIOGRAPHY
• ARTICLES:
• “Planning to bring Plastic Money in Economy” By: Alvares, Cliford
• “Plastic Cards in Japan” By: Goldwasser, Joan
• “competitive advantage held by conventional credit card “ By: Stone, Daniel
• LINKS:
• http://indianexpress.com/article/news-archive/web/46-indian-credit-card-users-worry-about-frauds/
• http://ijmms.in/sites/ijms/index.php/ijmms/article/view/138/143
• https://www.slideshare.net/indernegi921/plastic-money-33457540
• http://en.wikipedia.org/
• https://www.statista.com/statistics/279257/number-of-credit-cards-in-circulation-worldwide/
• https://www.slideshare.net/hemanthcrpatna/analysis-and-optimization-of-maintenances-management-
of-instruments
• BOOKS:
• Plastic Money - An Introduction by Mrudula E
• The Past, Present and Future of Plastic Money by J.B. Forrest
• Paper Or Plastic: Money Management and Credit Card Education by Nathan B.Hogan