No adverse effect of demonetization: Shri Radha Mohan Singh

Union Minister of Agriculture and Farmers Welfare, Shri Radha Mohan Singh held a press conference to brief achievements and initiatives taken by his ministry during the last 30 months here today. On this occasion Shri Singh said that there is no adverse effect of demonetization and stated the examples of followings:

1. MILK SALE

Union Minister of Agriculture and Farmers Welfare, Shri Radha Mohan Singh said that if study the data of sale of milk, we will find that there is no adverse effect of demonetization on this rather, it has increased.

(a) AMUL: Before demonetization the average sale of milk per day was Rs. 64.55 crore. After demonetization it has increased to Rs. 74.25 crore per day in November-December.

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(b) MOTHER DAIRY: Similarly, before demonetization the average sale of Mother Dairy milk was 28.06 lakh litre, the average cost was Rs. 11.42 crore. After demonetization it has increased to 29.61 lakh litre per day. In November-December the average cost is Rs. 12.05 crore per day.

(c) DELHI MILK SCHEME: Under Delhi Milk Scheme average sale was 2.70 lakh litre per day and average cost was Rs. 1.05 crore per day. After demonetization it has increased to 2.76 lakh litre in November-December, the average cost has become Rs. 1.07 crore per day.

2. SEED

Shri Radha Mohan Singh said that if compare the data of 2016 with the data of sale of seed of Rabi 2015, we will find that in most of the states either the data has increased or it is equivalent. For example Madhya Pradesh State Seed Corporation sold 10.42 lakh quintal for sowing of Rabi 2015, it has increased to 11.93 lakh quintal this year. Similarly, Maharashtra State Seed Corporation sold 2.64 lakh quintal seeds during last year, this year it is 2.7 lakh quintal. Karnataka State Seed Corporation sold 1.36 lakh quintal seeds during previous year, this year it is 1.49 lakh quintal.

If study the data of National Seed Corporation then we will find that till 23rd December, 2015 5.51 lakh quintal seeds was sold by it. There is a slight decrease, it is 5.20 quintal this year. Similarly, in Telangana State the sale of seed was 1.55 lakh quintal in Rabi 2015 there is a slight decrease in it and it is 1.48 lakh quintal. In Uttarakhand also there is a slight decrease in it. It was 3.8 thousand quintal. In the year 2016 it is 3.7 thousand quintal.

3. NAFED

Shri Singh further, said that similarly, it is clear from the study of data of NAFED before demonetization on 8th November 2016, the average sale of NAFED was Rs. 2 lakh per day which has increased 1 and half times after demonetization and it has become Rs. 3.70 lakh per day. The main reason of this was the continuation of circulation of old Rs. 500 and 1000 notes on the cooperative shops. In December 2016 this income has stabilized at Rs. 2.31 lakh per day which is more than the data of sale before demonetization.

Source- Press Information Bureau , Government of India, Ministry of Agriculture, 29-December-2016 17:57 IST

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