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LATEST NEWS UPDATES | How farmers in Bundelkhand perceive demonetisation -Sayantan Bera

How farmers in Bundelkhand perceive demonetisation -Sayantan Bera

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published Published on Nov 25, 2016   modified Modified on Nov 25, 2016
-Livemint.com

Several Bundelkhand farmers contend that demonetisation is a direct attack on the class divide and has reduced the rising gap between the rich and the poor

New Delhi:
In April this year, before the monsoon set in on parched Bundelkhand, Ajay Tripathi was witness to countless cattle deaths and fellow villagers migrating in hordes to escape the aftermath of consecutive years of drought. For the young farmer from Uttar Pradesh’s Mahoba district, the onset of a bountiful monsoon two months later came as a blessing, but Tripathi is still struggling.

After Prime Minister Narendra Modi scrapped Rs.500 and Rs.1,000 notes on 8 November in a surprise move to curb black money, trade in the wholesale market near Tripathi’s village has come to a standstill. He is unable to sell his produce or arrange the cash required to sow his winter crop.

Yet, he is all praise for Modi. “The rich are worried. We anyway never had much cash. We will bear it for 50 days and Modi ji has promised he will spend all the (unearthed) black money on the poor.”

Tripathi’s ire is directed more at local bank officials. “They are not able to handle it properly. I deposited Rs 34,000 in cash in my savings account (earnings from renting out tractor purchased on loan) but they are threatening to adjust it against my loan instead of giving me the new currency,” he said in a phone interview.

Swapnil Dubey, a local shopkeeper and marginal farmer from Banda district in Uttar Pradesh, is more direct. “In one go Modi has destroyed the gap between the rich and poor. If we want to see change we have to make some sacrifices,” he said.

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Livemint.com, 24 November, 2016, http://www.livemint.com/Politics/R9V8FOGv4Is2O6jiesGLlO/How-farmers-in-Bundelkhand-perceive-demonetisation.html


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