1. Demonetisation policy: Citing lack of adequate cash, farmers across the nation express concern ahead of cropping season

Demonetisation policy: Citing lack of adequate cash, farmers across the nation express concern ahead of cropping season

Farmers throughout the country had expressed concern over their economic survival ahead of the cropping season, citing the lack of adequate supply of new currency notes in rural areas.

By: | New Delhi | Published: November 15, 2016 6:45 AM
Claiming that they are unable to purchase crop seeds due to the note-ban policy, farmers across the country had expressed discontent, seeking help from the Modi-government. (ANI) Claiming that they are unable to purchase crop seeds due to the note-ban policy, farmers across the country had expressed discontent, seeking help from the Modi-government. (ANI)

Amid chaotic situation among the common people in the country, following the implementation of the demonetisation policy by the Narendra Modi-led central government, farmers throughout the country had expressed concern over their economic survival ahead of the cropping season, citing the lack of adequate supply of new currency notes in rural areas.

Claiming that they are unable to purchase crop seeds due to the note-ban policy, farmers across the country had expressed discontent, seeking help from the Modi-government.

“We are facing a lot of problems; we don’t have change and are unable to purchase seeds; what are we supposed to do?” said a farmer in a statement to ANI.

The Punjab agricultural market had also witnessed downward trend in Ludhiana after farmers find it difficult to purchase seeds following the ban of notes of the denomination Rs 500 and Rs 1,000. Farmers claimed that the old currency nottes they have are not accepted by shopkeepers as they lack change and thereby they find it difficult, rather impossible, to buy seed before the cropping season.

“I don’t have enough cash to purchase seeds as higher denomination notes are not being accepted; Govt must find some way to help us,” said a farmer in a statement to ANI.

Prime Minister Narendra Modi had, on November 8, initiated the demonetisation policy, following which currency notes of the denomination Rs 500 and Rs 1,000 had been banned and replaced with new notes. Following the note ban, common people had been facing trouble, with many standing on long lines outside banks and ATMs, trying to replace or take out new currency notes, saving their money old money from turning into useless pieces of paper.

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