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Note Ban Delays Sowing In Nizamabad

Agriculture operations in the ensuing yasangi (rabi) season have been delayed in Nizamabad and Kamareddy districts. In the wake of demonetisation of high-value currency notes, the sowing of crops has been affected. Farmers under Nizamsagar project command area had sown paddy late.

The farming community had already incurred loss during kharif due to adverse climatic conditions. They hoped that rabi would bring them good yield but demonetisation watered down their expectations.

Due to the ban on Rs 500 and Rs 1.000 notes, farmers could not purchase seeds, fertilisers and pesticides. Farmers could not get crop loans either from commercial/cooperative banks or hand loans from private moneylenders. Meanwhile, the officials postponed release of water from Nizamsagar project.