Post Demonetization effect from Nov 8, when Prime Minister Narendra Modi announced about Rs 500 and 1000 notes being illegal tender the country has been facing numerous issues. Middlemen and local citizens have been standing in ques after a month, farmers in the rural areas have been cashless. Business has been disrupted, and the economic scale has fallen.
Raigarh district in Chhatisgarh where farmers have been crushing and dumping they’re produced tomatoes under the trucks and on roads like a blanket on a bed, rather than selling them. The farmers refused to sell tomatoes at the cost of 50 paise per kg. While the cost before demonetization was around 10-12 rupees per kg.
Demonetization has hit the whole business and economy. Farmers in the rural areas have no other source of income than farming, unlike the businessmen in metro cities. Not only, in Raigarh even in Jashpur district, but the farmers have also dumped their tomatoes instead of selling them at low cost.
Farmers have refused on selling tomatoes at a low cost instead are destroying it.
Tomatoes grown across 4200 hectares used to feed 4000 farmers and their families earlier, but now they are not even able to cut out their logistic cost. Leaving the profit behind they so not even have money to feed their families and pay their landlords for their farms. This worse situation in the rural parts of the country leaves a bitter feedback to the bold move of demonetization by PM.
Major agricultural products have been grown and fertilised properly but are not getting a good amount or even a fair amount of sale in the farmer’s pockets. 60 % India is rural India were farmers stay and they have depended upon agriculture as their source of income but demonetization plan has made their living hell. Onions farming have been cash and gave and take the transaction, and the poor farmer does not have money.
Over an experience in the whole month of demonetization living is become a sake as people are cashless. Black money removal is a bold move but has equally shown it’s cons and the rural population especially the farmers have been severely affected by the demonetization of the country.
If black money removal is the pro then decline in the economy is the con of the demonetization.