A Mumbai-based trader from Vashi APMC dealing with Rajasthan traders said that 14 mandis, where farmers have been convinced to accept electronic fund transfer, would open in one or two days. The rest start functioning gradually as acceptance among farmers increase. Mandis in Gujarat are no better as problems faced by them are similar.
Devendra Vora of Friendship Trading, a wheat trader at Vashi APMC, said: “In Vashi, trade has fallen 90 per cent due to liquidity issues and later arrivals of trucks, which were held up on the roads due to various reasons following withdrawal of currency notes. The issue here is with transporters who brought commodities from producing centres are not accepting cheques and want cash, which is not available. This could be sorted out as systems develop.”
Notably, more and more farmers are being convinced to accept digital payment. They have their Jan-Dhan accounts, if not other bank accounts. But for the common electronic agriculture market to develop and local mandis to discover transparent pricing, electronic fund transfer has to get acceptance among farmers and transporters.
Rajesh Sinha, CEO of NCDEX E-markets Ltd, which has been developing e-APMCs in tie-up with the state government and has developed some 100 mandis in several states, said: “We have seen that some e-markets are yet to implement electronic payment transfer where liquidity issue has hurt the operations in the past few days while those mandis where trade has accepted electronic fund transfer are working smoothly.”
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