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A year after the government replaced high-denomination currency notes with an aim to encourage a cashless economy, onion farmers in Nashik, India’s onion bowl, are finding themselves without money to make essential purchases.
Government prodding has ensured that middlemen pay them by cheque, but banking facilities are so few and cheques move so slowly between branches that they take weeks to encash.
Since the rural economy still runs largely on cash, farmers without cash are unable to buy seeds and equipment and to pay labourers–which can be disastrous if it delays crop sowing–forcing
