Cash shortage hits farmers, traders

Rajkot | Wednesday | 18th April, 2018

Summary:

As farmers demand only cash payments, we need Rs 15 crore to Rs 20 crore cash every day to purchase agriculture produce. However, we’re trying to address the local cash shortage faced in different parts of the state. However, there are barely 7-8 bank branches in the market yard which deliver around Rs three crore to Rs four crore. We get currency notes in denominations of Rs 10, Rs 20, Rs 50 and Rs 100 but not in higher denomination. This is the time when the harvest of Rabi crop is traded in the wholesale markets and APMCs.“With currency shortage becoming more severe by the day, farmers are not getting their payment dues cleared from traders ..