Demonetisation Hits Delta Farmers VIJAYAWADA: Demonetisation is showing bad impact on delta farmers. Notably, this is a time of kharif harvest and starting of rabi Sowing. Farmers are in a dilemma weather to go for rabi or declare crop holiday due to insufficient funds.
Demonetisation hits delta farmers
With adequate water availability from PattiSeema projects, farmers of Gannavaram, Nuzvid and other mandals reported early crop this year along with Godavari delta. But the same farmers are facing difficulty in harvesting and marketing their produce due to demonetisation.
Around Rs 10,000 per acre is the estimated cost of manual harvesting and farmers are not getting a single rupee in the form of credit from nationalised banks and cooperative credit Societies, “Earlier, We used to get some money from banks during crop harvest but now no One is coming forward to support us,” said Gurram Rama Subayya, a farmer from Bapulapadu in Krishna district.
Demonetisation Hits Delta Farmers
Some farmers managed to harvest their crop by taking money from private financiers and pawn brokers at higher rate of interest keeping in mind that they can repay soon as they sell their produce. Many of these farmers sold paddy at the Agriculture Market Committees (AMC) a month ago but still waiting for the money.
As AMCs have adopted a system of depositing money directly into farmers bank accounts, it is getting delayed following the demonetisation process. The farmers are not in a position to get cash from banks even if AMCs deposit cash in their bank accounts.
YSRCP farmer wing leader M.V.S. Nagi Reddy said that overall farming got disturbed with the demonetisation. Government is busy making statements that banks have achieved targets in crop loans. On the other hand, farmers are trying to save their crop by borrowing some money, he added. It is much needed to support farmers and release money from AMCs to the concerned farmers to start rabi works immediately.
Representatives of AMCs are accepting that demonetisation is the real cause for delay in fund transfer to farmers. Mannem Subba Rao, chairman of AMC, Guntur, said that Online fund transfer Scheme at AMCs is a big failure as many farmers are not aware of Aadhaar seeding. Tenant farmers not having bank accounts are waiting for the funds to be deposited in the accounts of landlords, he said. He added that it will almost take a few months to Solve the demonetisation effects. “However, we are trying to help farmers in resolving issues,” he added.
Note: With adequate water availability from Pattiseema projects, farmers of Gannavaram, Nuzvid and other mandals reported early crop this year along with Godavari delta. But the same farmers are facing difficulty in harvesting and marketing their produce.