1. Demonetisation: Number of milk producers with bank accounts rose by 14 per cent, ministry sources

Demonetisation: Number of milk producers with bank accounts rose by 14 per cent, ministry sources

The number of milk producers and farmers with a bank account has increased by about 14 per cent, from 49.27 per cent to 63.42 per cent, following the demonetisation, the Union Agriculture Ministry said on Monday.

By: | New Delhi | Published: February 6, 2017 9:56 PM
In a statement, the ministry said that the number of the milk producers and the farmers being paid through cash increased from 23.82 per cent to 72.25 per cent following the government's November 8 move to demonetise Rs 500 and Rs 1,000 currency notes. (Express photo) In a statement, the ministry said that the number of the milk producers and the farmers being paid through cash increased from 23.82 per cent to 72.25 per cent following the government’s November 8 move to demonetise Rs 500 and Rs 1,000 currency notes. (Express photo)

The number of milk producers and farmers with a bank account has increased by about 14 per cent, from 49.27 per cent to 63.42 per cent, following the demonetisation, the Union Agriculture Ministry said on Monday.

In a statement, the ministry said that the number of the milk producers and the farmers being paid through cash increased from 23.82 per cent to 72.25 per cent following the government’s November 8 move to demonetise Rs 500 and Rs 1,000 currency notes.

“Now only 27.75 per cent farmers are being paid through cash,” the ministry added.

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“The sale of milk has gone up by 2.81 per cent in December 2016 as compared to December 2015 and the overall sale of milk from April-December 2016 has gone up to 328.91 lakh litres per day as compared with 321.43 lakh litres per day in April-December 2015,” said the statement.

Specific instructions were issued to agencies such as the National Dairy Development Board, Mother Dairy, Delhi Milk Scheme and all state Dairy co-operative federations for ensuring direct payment to milk producer’s bank account at the earliest.

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