India is actively pursuing a cashless society by cutting back on the use of currency. One major benefit of establishing a digital economy is reducing or eliminating underground currency. The most direct path to a digital economy is digitizing financial dealings. Promoting electronic money instruments, building financial infrastructure, and establishing digital transaction habits among individuals is necessary to bring about such a digital economy. The Payment and Settlement Vision document for 2018 from the Reserve Bank of India lays out goals and regulations for the digital economy. "Digital India" is huge for rural India. Agriculture, health care, and financial openness will enhance most people's lives. Policymakers want an inclusive and sustainable growth model for the country, and the planning stage sets the goals. Digital media can bridge the rural-urban gap in basic utilities by boosting agriculture. It can boost rural productivity and household incomes. Rural possibilities and facilities may foster a sense of security to avoid migration to cities. India needs 20% agriculture to become a $5-trillion economy by 2024. We need another green revolution to rebalance our agriculture policy. The Central government, State government, Gram Panchayat, NGOs, and local population must work together to implement the initiatives. These bodies must act as change agents to promote sustainable and inclusive national development.

Reserve Bank of India, digitalization, rural, schemes, government, challenges