Demonetisation: Here’s How It Affects Kerala Estate WorkersDemonetisation: Here’s How It Affects Kerala Estate Workers

With the currency crunch following demonetisation pushing workers in Kerala’s dairy, cashew and plantation sectors into severe crisis, owners are warning that hundreds of families may have to go without food this weekend. Workers in these sectors are paid their wages in cash, either weekly or monthly. The Kerala Cooperative Milk Marketing Federation called MILMA makes payments to dairy farmers’ societies via bank accounts. These societies, in turn, hand over cash to farmers every 10 days. Last week, these societies could not withdraw the money to be paid to farmers due to the ceiling on withdrawal. In the plantation sector, workers are paid salaries on the 10th of every month. With the demonetisation announcement coming on November 8 night, the estate workers are yet to receive even last month’s.

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    Harikrishnan
    Nov 20, 2016 at 9:34 am
    Opening a bank account in any place in Kerala should be a breeze. The bank employees itself will come and fill up the forms for the workers and start the bank account. All MILMA has to do is to transfer the money to the workders account. May some of the politicians ociated with the workers can stand as a introducer.
    Reply
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      Arun Jha
      Nov 20, 2016 at 12:37 pm
      This Demonetisation of Rs 500 and Rs 1000 notes is a good measure taken by the Govt. But, the introduction of Rs 2000 notes was unnecessary.
      Reply