Prime Minister Narendra Modi said cashless transactions is one of the solutions to deal with black money problem.Speaking at a function organised by the ICICI bank at Mumbai this evening, the Prime Minister said the banks can become an agent of social transformation.

On this occasion, ICICI Bank launched its own 'digital village' project while adopting an entire village in Gujarat to provide services ranging from cashless banking to digitised school teaching. The new 'digital village' project was announced in Modi's presence at the function.