Sanjay Kumar, a wholesale dealer, said every year during the festival season, farmers borrowed money from arhtiyas in advance or had money after selling their crops, which they spent on purchase. Otherwise, it will be very difficult for businessmen to sustain in the present scenario,” he said. “We sincerely hope the market will improve in the coming days. He said every year, shopkeepers used to wait for the festival season in the hope of more sale. Traders are facing double whammy as farmers are not making many purchases due to crop loss and other buyers have been lured away by huge discounts offered by e-commerce giants.” In fact, they do not have the money to spend. The state government is not giving adequate compensation for the damaged cotton, so our protests at all places will continue on Diwali as well.”Īmit Kapoor, president, Punjab Beopar Mandal, said: “All shopkeepers are worried as they are witnessing a major slump in their business.

It has been 11 months and around 600 people have died so far. The rural income scenario is in many ways representative of the mood in Punjab’s economy, but farmers have been battling for compensation and repeal of the three farm laws.īKU Ekta Ugrahan’s Shingara Singh Mann said: “This year, it’s ‘black’ Diwali for us as we are still protesting at the Delhi borders. The delay in receiving compensation for the damaged crop has worsened farmers’ debt due to which financiers are unwilling to advance new loans to them, making any new purchase this Diwali difficult. The ongoing protest against the three farm laws and damaged cotton crops hint at a lacklustre Diwali in the agricultural heartland of the Malwa region this year.

Pro tools 12 delay compensation