Fri, Dec 9, 2016 | updated 03:12 PM IST

Kashmir apple traders mull quitting business as sales drop post demonetization

Updated: Nov 30, 2016 08:27 IST

Poonch (Jammu and Kashmir) [India], Nov. 30 (ANI): Apple traders at the Poonch fruit market are pondering whether to quit their businesses as they are suffering losses due to the demonetisation initiated by the Centre.

Speaking to ANI here, Sayid Ali Shah, a trader, said that they have to sit idle the whole day. All sellers have warned that they will leave this business of selling apples because nobody is benefitting from the objective of having a cashless society.

"Earlier we use to empty the vehicles of apples in three to four days, but now, it takes around 15 days because the customers pay Rs. 500 which we can't take, for buying apples worth Rs. 30. Nobody accepts a Rs. 500 note in Kashmir either. Some customers ask for apples for Rs. 100 and hand over a note of Rs. 2,000...where will we get the balance Rs. 1,900 from?" he said.

"We are facing a lot of problems because, whenever we bring fruits from the contractor, they don't accept Rs. 500 and Rs 1,000 notes. We are going through a lot of tension as customers are carrying 500 and 1,000 rupee notes," another trader, Javed Iqbal, told ANI.

He further said that the bankers are giving Rs. 2,000 in 10 rupee coins, which is also a problem for them. They are only able to pay their rents.

"When we park our vehicles, we have to pay Rs. 300 per day. The owners of the vehicles have to pay Rs. 500-600 as rent. We are tense because we are bringing the fruits with so much difficulty and we don't even get the fruits. Even if we bring, people offer Rs. 500. Now the level of tension is rising," he added. (ANI)