28 days after demonetisation, fruit traders at Azadpur mandi have started to recover as e-payments and cheques are increasingly becoming popular among transporters, suppliers and traders.
Succha Singh Namdhari, a fruit and orchid flower wholesaler said his business was reduced by 90 per cent after demonetisation was announced.
“It took time to cope up with the change and I am happy that it is coming back on track. Earlier transporters refused to accept payment in cheque. But with no other option left, they have started to accept it. I am paying daily labourers on the need basis and once the situation becomes normal I will pay them the rest,” Namdhari said.
Sunil Yadav, a fruit trader, claimed that supplies are restored and we are doing business as usual. “We faced very difficult time post demonetisation but now the situation is improving,” he said.
The deserted market has once again started buzzing with customers and trucks. “With lack of buyers — small street vendors, shopkeepers and aggregators for hotels and restaurants — the sale had crashed but now customers are coming,” said a fruit trader.
Some of the traders had started working on credit basis for the time being. With the dispensation of new currency notes in ATMs and banks, some of the traders have bounced back by getting paid in cash now.
“I give credit to regular customers, as I also get supplies from wholesaler on credit. Some people are also withdrawing new currency and paying in cash. Situation is now coming under control,” said Rahul Bajwa.