The parliamentary panel reviewed the adverse impact of demonetization on the farm sector. This makes a major alteration in the way the Agriculture Ministry prescribed the earlier note. The entire parliamentary panel made a discussion on the same and the Standing Committee of Finance had put forth the fact that the farmers were not able to purchase the required fertilizers for their seasonal crops. These mainly include the ones that are grown during the winter season.
The high-value currency made a major impact on the overall agriculture sector, ever since the declaration of demonetization back in the year 2016. The month of November changed the way Indian economy ever responded. The advent of advanced technology coupled with the right amount of capital invested in this sector is the main budding aspects required for the positive revolution.
The earlier amendment clearly stated that demonetization would not harm the farmers in any possible way and the government will render effective and noble schemes to caliber their requirements related to all field activities. The Chairman of the National Seeds Corporation, however, did not take into account the required seed distribution channels, which eventually have hurt the farmers’ growth in the years 2016-17 and 2017-18.
“Investments in agriculture are the best weapons against hunger and poverty and have made life better for billions of people all over the world.” – The U.S. agency for international development