Authors : Dr. Sandeep D. Bhelam
Page Nos : 16-19
Description :
The Indian agriculture sector is unorganized in nature. Agriculture plays an important role in rural economy. Demonetization affects the agriculture and allied sector in rural area. Most of the people in rural area depend on cash for settlement of day to day transaction. The government of India demonetizes high value denomination currency of Rs 500 and Rs 1000 notes and create cash crunch in economy. This was bold step taken by Indian government. Demonetization is tools of government to eliminate currency. The process of demonetization involves introducing new currency note by replacing old currency note. Indian government adopt demonetization 08 Nov 2016 to tackle with black money, hope to eliminate corruption, bribery, terrorist funding and check inflation etc. another purpose of government behind demonetization is make India cashless, digitization of economy, promote electronic and cashless transaction.
The decision of government about demonetization was badly affected to livelihood of rural people due to shortage of cash. Rural people do not use cashless digital mode or electronic mode for settlement of day to day transaction.
This research was involve impact of demonetization on agriculture sector as well as evaluate positive or negative impact on economy and cashless digital economy in rural part of India. This paper also pays attention toward meaning of demonetization and reasons behind them. The present study based on secondary source of data collection consist books, journal, magazines, newspaper, websites and various articles etc.
