The government has taken a big step towards trial of plastic i.e. polymer notes instead of paper notes in the country. The government has approved the field trial of polymer bank notes of Rs 10 and Rs 20. 100 crore polymer i.e. plastic notes of both will be issued. Finance Minister Nirmala Sitharaman gave this information in a written reply in the Rajya Sabha.
RBI had proposed a field trial of 100 crore polymer notes of Rs 10 and Rs 20. After the trial is successful, polymer notes of both of them will be issued regularly. The Finance Minister said that the government has approved the proposal. According to RBI, polymer notes will be issued along with notes made of paper.
Finance Minister Nirmala Sitharaman told the Rajya Sabha that the Reserve Bank of India had sent a proposal to the government after the recommendation of its Central Board. This proposal was sent under Section 25 of the Reserve Bank of India Act, 1934, in which it was said to print one billion polymer notes each of Rs 10 and Rs 20 for field trial. The government has accepted this proposal.
Let us tell you that polymer notes are printed on a special type of plastic material i.e. polymer substrate instead of paper. They are as light to the touch as normal notes, but do not melt even when soaked in water and last for a long time.
