Former agriculture minister Sharad Pawar says Rabi crop sowing hit by demonetisation
The Nationalist Congress Party (NCP) chief and a former agriculture minister was addressing FICCI's annual general meeting.
According to Pawar, poor implementation of the demonetisation scheme resulted in failure of the intended benefits.
Pawar said that village co-operative banks, on which farmers depend, are not able to dispense the required cash post demonetisation, media reported.
A similar complaint was made by West Bengal chief minister Mamata Banerjee on Thursday in her memorandum to the Reserve Bank of India governor Urjit Patel during their meeting in Kolkata.
On Thursday, Shaktikanta Das, Secretary, Economic Affairs, said that the government is putting "emphasis on providing cash to rural areas from where reports of inadequate availability of cash are coming in."
He also said, the government is emphasising on "making cash available to co-op banks for crop loan disbursement, Rabi sowing almost at par with last year."
Image: AIRNews Twitter
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