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Farmers go cashless in APMCs

Mandis in MP, Maharashtra, Gujarat moving to bank payment but Rajasthan growers refuse

Dilip Kumar Jha/ Shashikant Trivedi/ Vimukt Dave/ Sanjeeb Mukherjee  |  Mumbai/ Bhopal/ Ahmedabad/ New Delhi 

The demonetising of high-value currencies had initially disturbed trade at agricultural mandis (wholesale markets). Now, farmers seem to have begun accepting payment for their produce through banking channels, setting the stage for cashless agri-trade. “Farmers in most APMC (Agricultural Produce Market Committee) mandis in Madhya Pradesh have shifted to real-time gross transfer (RTGS) or cheque mode of payment. Those requiring instant cash to meet their emergency requirements are withdrawing it within the limit the Reserve Bank of India has fixed. Traders are adjusting among ...


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First Published: Thu, November 24 2016. 01:28 IST