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Going cashless: Maharashtra govt gives POS machines to APMC traders

By providing POS machines to traders, we will help farmers buy farm inputs without cash,” CM Fadnavis said.

Written by Vivek Deshpande | Nagpur |
December 17, 2016 2:14:58 am

To help farmers tide over the cash crunch after demonetisation, the state is providing point of sale (POS) machines to all registered farm traders in Agriculture Produce Market Committees (APMCs). Chief Minister Devendra Fadnavis distributed 100 POS machines to Krushi Seva Kendra owners from Nagpur, Wardha, Amravati, Akola, Yavatmal and Buldana at his official residence in Nagpur. “After the demonetisation of Rs 500 and Rs 1,000 notes, the country needs to move to a cashless economy. By providing POS machines to traders, we will help farmers buy farm inputs without cash,” Fadnavis said.

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The government is planning to distribute the POS machines to all 40,000 registered traders in the state over the next one year. The machines will use the RuPay cards made available to farmers having Jan Dhan accounts. The traders will also be able to use it to transfer cash to farmers’ accounts after purchasing produce from them. If the farmers don’t have the card, they will simply have to give their fingerprint impression to transact money. But for this, they must have a Aadhaar-linked Jan Dhan account. The fingerprint helps connect the account by identifying the Aadhaar card number of the farmer.

“Cashless transaction is a priority for the state government and farmers should adopt the change. By December end, we will provide 1,000 machines to registered traders. By the end of March 2017, around 10,000 Krishi Seva Kendras will be equipped with the POS system. Farmers should take the maximum advantage of this,” said Agriculture Minister Pandurang Phundke.

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