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Rs 2,000 note withdrawal might disturb business, but not much: Traders

"In central India mandis, an average trader does a business of Rs 10-15 lakh a day during peak season, much of which is still in cash

agriculture
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In 2016, when Rs 500 and Rs 1,000 notes were demonetised, agriculture trade was badly hit, as most of the businesses in the mandis were in hard cash

Sanjeeb Mukherjee New Delhi

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Commodity and agriculture traders, who continue to deal in cash — particularly when post-harvest trading season is on — feel that the sudden decision to withdraw Rs 2,000 note as legal tender might disturb their business, though, unlike the last time, the window of four months is big enough to return the notes.

Usually, in mandis, though the government has allowed cash payment of up to Rs 200,000 to farmers in most cases, the volume of transactions during peak season is much more.

“In central India mandis, an average trader does a business of Rs 10-15 lakh a day during

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First Published: May 19 2023 | 9:12 PM IST

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