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<span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/>
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-Livemint.com<br />
<br />
<em>Farmers are getting paid for their produce by traders either by cheque, but many farmers are not able to encash the cheques due to currency shortages at banks<br />
<br />
Mumbai: </em>Nearly three weeks after the partial demonetisation of Rs500 and Rs1,000 notes, cashless contracts are running the trade at Maharashtra&rsquo;s major agricultural markets, but problems with bank liquidity persist.<br />
<br />
Farmers are getting paid for their produce by traders either by cheque or via the Real-Time Gross Settlement (RTGS) option. But many farmers are not able to encash the cheques due to currency shortages at banks, according to government officials and elected office-bearers of Agriculture Produce Marketing Committee (APMC) markets.<br />
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<br />
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<br />
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<br />
Please <a href="http://www.livemint.com/Politics/ZpJ28nw9fkhtewls7Lgt9M/Demonetisation-derails-cashless-plan-at-APMC-markets.html">click here</a> to read more. <br />
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<em>Farmers are getting paid for their produce by traders either by cheque, but many farmers are not able to encash the cheques due to currency shortages at banks<br />
<br />
Mumbai: </em>Nearly three weeks after the partial demonetisation of Rs500 and Rs1,000 notes, cashless contracts are running the trade at Maharashtra&rsquo;s major agricultural markets, but problems with bank liquidity persist.<br />
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Farmers are getting paid for their produce by traders either by cheque or via the Real-Time Gross Settlement (RTGS) option. But many farmers are not able to encash the cheques due to currency shortages at banks, according to government officials and elected office-bearers of Agriculture Produce Marketing Committee (APMC) markets.<br />
<br />
While both perishable and non-perishable agriculture commodities are still witnessing a moderate to high impact of the withdrawal of the notes, most APMC-regulated markets have started cheque and RTGS-enabled transactions.<br />
<br />
Government officials and office-bearers of the APMC markets say the situation will normalize only when banks have enough cash to dispense.<br />
<br />
&ldquo;The impact on the producers and sellers of perishables like fruits and vegetables would be more severe in the sense that these commodities may not be able to cope with the transition from mostly cash transactions to cheque and online transfer of payments. Even for non-perishable like cotton, the situation will continue to be grim for those farmers who are getting paid by cheque due to very low liquidity in banks in rural areas,&rdquo; said a senior government official with the Maharashtra State Agriculture Marketing Board. He spoke on the condition of anonymity.<br />
<br />
Please <a href="http://www.livemint.com/Politics/ZpJ28nw9fkhtewls7Lgt9M/Demonetisation-derails-cashless-plan-at-APMC-markets.html">click here</a> to read more. <br />
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Farmers are getting paid for their produce by traders either by cheque, but many farmers are not able to encash the cheques due to currency shortages at banks
Mumbai: Nearly three weeks after the partial demonetisation of Rs500 and Rs1,000 notes,...'
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
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Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/demonetisation-derails-cashless-plan-at-apmc-markets-abhiram-ghadyalpatil-4680675.html"/>
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Farmers are getting paid for their produce by traders either by cheque, but many farmers are not able to encash the cheques due to currency shortages at banks
Mumbai: Nearly three weeks after the partial demonetisation of Rs500 and Rs1,000 notes,..."/>
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<strong>Demonetisation derails cashless plan at APMC markets -Abhiram Ghadyalpatil</strong></h1>
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<div align="justify">-Livemint.com<br /><br /><em>Farmers are getting paid for their produce by traders either by cheque, but many farmers are not able to encash the cheques due to currency shortages at banks<br /><br />Mumbai: </em>Nearly three weeks after the partial demonetisation of Rs500 and Rs1,000 notes, cashless contracts are running the trade at Maharashtra’s major agricultural markets, but problems with bank liquidity persist.<br /><br />Farmers are getting paid for their produce by traders either by cheque or via the Real-Time Gross Settlement (RTGS) option. But many farmers are not able to encash the cheques due to currency shortages at banks, according to government officials and elected office-bearers of Agriculture Produce Marketing Committee (APMC) markets.<br /><br />While both perishable and non-perishable agriculture commodities are still witnessing a moderate to high impact of the withdrawal of the notes, most APMC-regulated markets have started cheque and RTGS-enabled transactions.<br /><br />Government officials and office-bearers of the APMC markets say the situation will normalize only when banks have enough cash to dispense.<br /><br />“The impact on the producers and sellers of perishables like fruits and vegetables would be more severe in the sense that these commodities may not be able to cope with the transition from mostly cash transactions to cheque and online transfer of payments. Even for non-perishable like cotton, the situation will continue to be grim for those farmers who are getting paid by cheque due to very low liquidity in banks in rural areas,” said a senior government official with the Maharashtra State Agriculture Marketing Board. He spoke on the condition of anonymity.<br /><br />Please <a href="http://www.livemint.com/Politics/ZpJ28nw9fkhtewls7Lgt9M/Demonetisation-derails-cashless-plan-at-APMC-markets.html" title="http://www.livemint.com/Politics/ZpJ28nw9fkhtewls7Lgt9M/Demonetisation-derails-cashless-plan-at-APMC-markets.html">click here</a> to read more. <br /></div> </font>
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-Livemint.com<br />
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<em>Farmers are getting paid for their produce by traders either by cheque, but many farmers are not able to encash the cheques due to currency shortages at banks<br />
<br />
Mumbai: </em>Nearly three weeks after the partial demonetisation of Rs500 and Rs1,000 notes, cashless contracts are running the trade at Maharashtra&rsquo;s major agricultural markets, but problems with bank liquidity persist.<br />
<br />
Farmers are getting paid for their produce by traders either by cheque or via the Real-Time Gross Settlement (RTGS) option. But many farmers are not able to encash the cheques due to currency shortages at banks, according to government officials and elected office-bearers of Agriculture Produce Marketing Committee (APMC) markets.<br />
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<br />
Please <a href="http://www.livemint.com/Politics/ZpJ28nw9fkhtewls7Lgt9M/Demonetisation-derails-cashless-plan-at-APMC-markets.html">click here</a> to read more. <br />
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<br />
Mumbai: </em>Nearly three weeks after the partial demonetisation of Rs500 and Rs1,000 notes, cashless contracts are running the trade at Maharashtra&rsquo;s major agricultural markets, but problems with bank liquidity persist.<br />
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<br />
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<br />
&ldquo;The impact on the producers and sellers of perishables like fruits and vegetables would be more severe in the sense that these commodities may not be able to cope with the transition from mostly cash transactions to cheque and online transfer of payments. Even for non-perishable like cotton, the situation will continue to be grim for those farmers who are getting paid by cheque due to very low liquidity in banks in rural areas,&rdquo; said a senior government official with the Maharashtra State Agriculture Marketing Board. He spoke on the condition of anonymity.<br />
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Farmers are getting paid for their produce by traders either by cheque, but many farmers are not able to encash the cheques due to currency shortages at banks
Mumbai: Nearly three weeks after the partial demonetisation of Rs500 and Rs1,000 notes,...'
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Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/demonetisation-derails-cashless-plan-at-apmc-markets-abhiram-ghadyalpatil-4680675.html"/>
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Farmers are getting paid for their produce by traders either by cheque, but many farmers are not able to encash the cheques due to currency shortages at banks
Mumbai: Nearly three weeks after the partial demonetisation of Rs500 and Rs1,000 notes,..."/>
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<strong>Demonetisation derails cashless plan at APMC markets -Abhiram Ghadyalpatil</strong></h1>
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<div align="justify">-Livemint.com<br /><br /><em>Farmers are getting paid for their produce by traders either by cheque, but many farmers are not able to encash the cheques due to currency shortages at banks<br /><br />Mumbai: </em>Nearly three weeks after the partial demonetisation of Rs500 and Rs1,000 notes, cashless contracts are running the trade at Maharashtra’s major agricultural markets, but problems with bank liquidity persist.<br /><br />Farmers are getting paid for their produce by traders either by cheque or via the Real-Time Gross Settlement (RTGS) option. But many farmers are not able to encash the cheques due to currency shortages at banks, according to government officials and elected office-bearers of Agriculture Produce Marketing Committee (APMC) markets.<br /><br />While both perishable and non-perishable agriculture commodities are still witnessing a moderate to high impact of the withdrawal of the notes, most APMC-regulated markets have started cheque and RTGS-enabled transactions.<br /><br />Government officials and office-bearers of the APMC markets say the situation will normalize only when banks have enough cash to dispense.<br /><br />“The impact on the producers and sellers of perishables like fruits and vegetables would be more severe in the sense that these commodities may not be able to cope with the transition from mostly cash transactions to cheque and online transfer of payments. Even for non-perishable like cotton, the situation will continue to be grim for those farmers who are getting paid by cheque due to very low liquidity in banks in rural areas,” said a senior government official with the Maharashtra State Agriculture Marketing Board. He spoke on the condition of anonymity.<br /><br />Please <a href="http://www.livemint.com/Politics/ZpJ28nw9fkhtewls7Lgt9M/Demonetisation-derails-cashless-plan-at-APMC-markets.html" title="http://www.livemint.com/Politics/ZpJ28nw9fkhtewls7Lgt9M/Demonetisation-derails-cashless-plan-at-APMC-markets.html">click here</a> to read more. <br /></div> </font>
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<link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr680346f73698d-trace').style.display = (document.getElementById('cakeErr680346f73698d-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr680346f73698d-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr680346f73698d-code').style.display = (document.getElementById('cakeErr680346f73698d-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr680346f73698d-context').style.display = (document.getElementById('cakeErr680346f73698d-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr680346f73698d-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">>
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<span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/>
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-Livemint.com<br />
<br />
<em>Farmers are getting paid for their produce by traders either by cheque, but many farmers are not able to encash the cheques due to currency shortages at banks<br />
<br />
Mumbai: </em>Nearly three weeks after the partial demonetisation of Rs500 and Rs1,000 notes, cashless contracts are running the trade at Maharashtra&rsquo;s major agricultural markets, but problems with bank liquidity persist.<br />
<br />
Farmers are getting paid for their produce by traders either by cheque or via the Real-Time Gross Settlement (RTGS) option. But many farmers are not able to encash the cheques due to currency shortages at banks, according to government officials and elected office-bearers of Agriculture Produce Marketing Committee (APMC) markets.<br />
<br />
While both perishable and non-perishable agriculture commodities are still witnessing a moderate to high impact of the withdrawal of the notes, most APMC-regulated markets have started cheque and RTGS-enabled transactions.<br />
<br />
Government officials and office-bearers of the APMC markets say the situation will normalize only when banks have enough cash to dispense.<br />
<br />
&ldquo;The impact on the producers and sellers of perishables like fruits and vegetables would be more severe in the sense that these commodities may not be able to cope with the transition from mostly cash transactions to cheque and online transfer of payments. Even for non-perishable like cotton, the situation will continue to be grim for those farmers who are getting paid by cheque due to very low liquidity in banks in rural areas,&rdquo; said a senior government official with the Maharashtra State Agriculture Marketing Board. He spoke on the condition of anonymity.<br />
<br />
Please <a href="http://www.livemint.com/Politics/ZpJ28nw9fkhtewls7Lgt9M/Demonetisation-derails-cashless-plan-at-APMC-markets.html">click here</a> to read more. <br />
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<em>Farmers are getting paid for their produce by traders either by cheque, but many farmers are not able to encash the cheques due to currency shortages at banks<br />
<br />
Mumbai: </em>Nearly three weeks after the partial demonetisation of Rs500 and Rs1,000 notes, cashless contracts are running the trade at Maharashtra&rsquo;s major agricultural markets, but problems with bank liquidity persist.<br />
<br />
Farmers are getting paid for their produce by traders either by cheque or via the Real-Time Gross Settlement (RTGS) option. But many farmers are not able to encash the cheques due to currency shortages at banks, according to government officials and elected office-bearers of Agriculture Produce Marketing Committee (APMC) markets.<br />
<br />
While both perishable and non-perishable agriculture commodities are still witnessing a moderate to high impact of the withdrawal of the notes, most APMC-regulated markets have started cheque and RTGS-enabled transactions.<br />
<br />
Government officials and office-bearers of the APMC markets say the situation will normalize only when banks have enough cash to dispense.<br />
<br />
&ldquo;The impact on the producers and sellers of perishables like fruits and vegetables would be more severe in the sense that these commodities may not be able to cope with the transition from mostly cash transactions to cheque and online transfer of payments. Even for non-perishable like cotton, the situation will continue to be grim for those farmers who are getting paid by cheque due to very low liquidity in banks in rural areas,&rdquo; said a senior government official with the Maharashtra State Agriculture Marketing Board. He spoke on the condition of anonymity.<br />
<br />
Please <a href="http://www.livemint.com/Politics/ZpJ28nw9fkhtewls7Lgt9M/Demonetisation-derails-cashless-plan-at-APMC-markets.html">click here</a> to read more. <br />
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Farmers are getting paid for their produce by traders either by cheque, but many farmers are not able to encash the cheques due to currency shortages at banks
Mumbai: Nearly three weeks after the partial demonetisation of Rs500 and Rs1,000 notes,...'
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Farmers are getting paid for their produce by traders either by cheque, but many farmers are not able to encash the cheques due to currency shortages at banks
Mumbai: Nearly three weeks after the partial demonetisation of Rs500 and Rs1,000 notes,..."/>
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<strong>Demonetisation derails cashless plan at APMC markets -Abhiram Ghadyalpatil</strong></h1>
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<div align="justify">-Livemint.com<br /><br /><em>Farmers are getting paid for their produce by traders either by cheque, but many farmers are not able to encash the cheques due to currency shortages at banks<br /><br />Mumbai: </em>Nearly three weeks after the partial demonetisation of Rs500 and Rs1,000 notes, cashless contracts are running the trade at Maharashtra’s major agricultural markets, but problems with bank liquidity persist.<br /><br />Farmers are getting paid for their produce by traders either by cheque or via the Real-Time Gross Settlement (RTGS) option. But many farmers are not able to encash the cheques due to currency shortages at banks, according to government officials and elected office-bearers of Agriculture Produce Marketing Committee (APMC) markets.<br /><br />While both perishable and non-perishable agriculture commodities are still witnessing a moderate to high impact of the withdrawal of the notes, most APMC-regulated markets have started cheque and RTGS-enabled transactions.<br /><br />Government officials and office-bearers of the APMC markets say the situation will normalize only when banks have enough cash to dispense.<br /><br />“The impact on the producers and sellers of perishables like fruits and vegetables would be more severe in the sense that these commodities may not be able to cope with the transition from mostly cash transactions to cheque and online transfer of payments. Even for non-perishable like cotton, the situation will continue to be grim for those farmers who are getting paid by cheque due to very low liquidity in banks in rural areas,” said a senior government official with the Maharashtra State Agriculture Marketing Board. He spoke on the condition of anonymity.<br /><br />Please <a href="http://www.livemint.com/Politics/ZpJ28nw9fkhtewls7Lgt9M/Demonetisation-derails-cashless-plan-at-APMC-markets.html" title="http://www.livemint.com/Politics/ZpJ28nw9fkhtewls7Lgt9M/Demonetisation-derails-cashless-plan-at-APMC-markets.html">click here</a> to read more. <br /></div> </font>
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-Livemint.com<br />
<br />
<em>Farmers are getting paid for their produce by traders either by cheque, but many farmers are not able to encash the cheques due to currency shortages at banks<br />
<br />
Mumbai: </em>Nearly three weeks after the partial demonetisation of Rs500 and Rs1,000 notes, cashless contracts are running the trade at Maharashtra’s major agricultural markets, but problems with bank liquidity persist.<br />
<br />
Farmers are getting paid for their produce by traders either by cheque or via the Real-Time Gross Settlement (RTGS) option. But many farmers are not able to encash the cheques due to currency shortages at banks, according to government officials and elected office-bearers of Agriculture Produce Marketing Committee (APMC) markets.<br />
<br />
While both perishable and non-perishable agriculture commodities are still witnessing a moderate to high impact of the withdrawal of the notes, most APMC-regulated markets have started cheque and RTGS-enabled transactions.<br />
<br />
Government officials and office-bearers of the APMC markets say the situation will normalize only when banks have enough cash to dispense.<br />
<br />
“The impact on the producers and sellers of perishables like fruits and vegetables would be more severe in the sense that these commodities may not be able to cope with the transition from mostly cash transactions to cheque and online transfer of payments. Even for non-perishable like cotton, the situation will continue to be grim for those farmers who are getting paid by cheque due to very low liquidity in banks in rural areas,” said a senior government official with the Maharashtra State Agriculture Marketing Board. He spoke on the condition of anonymity.<br />
<br />
Please <a href="http://www.livemint.com/Politics/ZpJ28nw9fkhtewls7Lgt9M/Demonetisation-derails-cashless-plan-at-APMC-markets.html">click here</a> to read more. <br />
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Farmers are getting paid for their produce by traders either by cheque, but many farmers are not able to encash the cheques due to currency shortages at banks
Mumbai: Nearly three weeks after the partial demonetisation of Rs500 and Rs1,000 notes,...',
'disp' => '<div align="justify">-Livemint.com<br /><br /><em>Farmers are getting paid for their produce by traders either by cheque, but many farmers are not able to encash the cheques due to currency shortages at banks<br /><br />Mumbai: </em>Nearly three weeks after the partial demonetisation of Rs500 and Rs1,000 notes, cashless contracts are running the trade at Maharashtra’s major agricultural markets, but problems with bank liquidity persist.<br /><br />Farmers are getting paid for their produce by traders either by cheque or via the Real-Time Gross Settlement (RTGS) option. But many farmers are not able to encash the cheques due to currency shortages at banks, according to government officials and elected office-bearers of Agriculture Produce Marketing Committee (APMC) markets.<br /><br />While both perishable and non-perishable agriculture commodities are still witnessing a moderate to high impact of the withdrawal of the notes, most APMC-regulated markets have started cheque and RTGS-enabled transactions.<br /><br />Government officials and office-bearers of the APMC markets say the situation will normalize only when banks have enough cash to dispense.<br /><br />“The impact on the producers and sellers of perishables like fruits and vegetables would be more severe in the sense that these commodities may not be able to cope with the transition from mostly cash transactions to cheque and online transfer of payments. Even for non-perishable like cotton, the situation will continue to be grim for those farmers who are getting paid by cheque due to very low liquidity in banks in rural areas,” said a senior government official with the Maharashtra State Agriculture Marketing Board. He spoke on the condition of anonymity.<br /><br />Please <a href="http://www.livemint.com/Politics/ZpJ28nw9fkhtewls7Lgt9M/Demonetisation-derails-cashless-plan-at-APMC-markets.html" title="http://www.livemint.com/Politics/ZpJ28nw9fkhtewls7Lgt9M/Demonetisation-derails-cashless-plan-at-APMC-markets.html">click here</a> to read more. <br /></div>',
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-Livemint.com<br />
<br />
<em>Farmers are getting paid for their produce by traders either by cheque, but many farmers are not able to encash the cheques due to currency shortages at banks<br />
<br />
Mumbai: </em>Nearly three weeks after the partial demonetisation of Rs500 and Rs1,000 notes, cashless contracts are running the trade at Maharashtra’s major agricultural markets, but problems with bank liquidity persist.<br />
<br />
Farmers are getting paid for their produce by traders either by cheque or via the Real-Time Gross Settlement (RTGS) option. But many farmers are not able to encash the cheques due to currency shortages at banks, according to government officials and elected office-bearers of Agriculture Produce Marketing Committee (APMC) markets.<br />
<br />
While both perishable and non-perishable agriculture commodities are still witnessing a moderate to high impact of the withdrawal of the notes, most APMC-regulated markets have started cheque and RTGS-enabled transactions.<br />
<br />
Government officials and office-bearers of the APMC markets say the situation will normalize only when banks have enough cash to dispense.<br />
<br />
“The impact on the producers and sellers of perishables like fruits and vegetables would be more severe in the sense that these commodities may not be able to cope with the transition from mostly cash transactions to cheque and online transfer of payments. Even for non-perishable like cotton, the situation will continue to be grim for those farmers who are getting paid by cheque due to very low liquidity in banks in rural areas,” said a senior government official with the Maharashtra State Agriculture Marketing Board. He spoke on the condition of anonymity.<br />
<br />
Please <a href="http://www.livemint.com/Politics/ZpJ28nw9fkhtewls7Lgt9M/Demonetisation-derails-cashless-plan-at-APMC-markets.html">click here</a> to read more. <br />
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-Livemint.com
Farmers are getting paid for their produce by traders either by cheque, but many farmers are not able to encash the cheques due to currency shortages at banks
Mumbai: Nearly three weeks after the partial demonetisation of Rs500 and Rs1,000 notes,...'
$disp = '<div align="justify">-Livemint.com<br /><br /><em>Farmers are getting paid for their produce by traders either by cheque, but many farmers are not able to encash the cheques due to currency shortages at banks<br /><br />Mumbai: </em>Nearly three weeks after the partial demonetisation of Rs500 and Rs1,000 notes, cashless contracts are running the trade at Maharashtra’s major agricultural markets, but problems with bank liquidity persist.<br /><br />Farmers are getting paid for their produce by traders either by cheque or via the Real-Time Gross Settlement (RTGS) option. But many farmers are not able to encash the cheques due to currency shortages at banks, according to government officials and elected office-bearers of Agriculture Produce Marketing Committee (APMC) markets.<br /><br />While both perishable and non-perishable agriculture commodities are still witnessing a moderate to high impact of the withdrawal of the notes, most APMC-regulated markets have started cheque and RTGS-enabled transactions.<br /><br />Government officials and office-bearers of the APMC markets say the situation will normalize only when banks have enough cash to dispense.<br /><br />“The impact on the producers and sellers of perishables like fruits and vegetables would be more severe in the sense that these commodities may not be able to cope with the transition from mostly cash transactions to cheque and online transfer of payments. Even for non-perishable like cotton, the situation will continue to be grim for those farmers who are getting paid by cheque due to very low liquidity in banks in rural areas,” said a senior government official with the Maharashtra State Agriculture Marketing Board. He spoke on the condition of anonymity.<br /><br />Please <a href="http://www.livemint.com/Politics/ZpJ28nw9fkhtewls7Lgt9M/Demonetisation-derails-cashless-plan-at-APMC-markets.html" title="http://www.livemint.com/Politics/ZpJ28nw9fkhtewls7Lgt9M/Demonetisation-derails-cashless-plan-at-APMC-markets.html">click here</a> to read more. <br /></div>'
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LATEST NEWS UPDATES | Demonetisation derails cashless plan at APMC markets -Abhiram Ghadyalpatil | Im4change.org
Demonetisation derails cashless plan at APMC markets -Abhiram Ghadyalpatil
-Livemint.com
Farmers are getting paid for their produce by traders either by cheque, but many farmers are not able to encash the cheques due to currency shortages at banks
Mumbai: Nearly three weeks after the partial demonetisation of Rs500 and Rs1,000 notes, cashless contracts are running the trade at Maharashtra’s major agricultural markets, but problems with bank liquidity persist.
Farmers are getting paid for their produce by traders either by cheque or via the Real-Time Gross Settlement (RTGS) option. But many farmers are not able to encash the cheques due to currency shortages at banks, according to government officials and elected office-bearers of Agriculture Produce Marketing Committee (APMC) markets.
While both perishable and non-perishable agriculture commodities are still witnessing a moderate to high impact of the withdrawal of the notes, most APMC-regulated markets have started cheque and RTGS-enabled transactions.
Government officials and office-bearers of the APMC markets say the situation will normalize only when banks have enough cash to dispense.
“The impact on the producers and sellers of perishables like fruits and vegetables would be more severe in the sense that these commodities may not be able to cope with the transition from mostly cash transactions to cheque and online transfer of payments. Even for non-perishable like cotton, the situation will continue to be grim for those farmers who are getting paid by cheque due to very low liquidity in banks in rural areas,” said a senior government official with the Maharashtra State Agriculture Marketing Board. He spoke on the condition of anonymity.
