In a recent letter addressed to Finance Minister Nirmala Sitharaman, Member of Parliament B. Manickam Tagore from Tamil Nadu highlighted the severe shortage of lower denomination currency notes—specifically Rs. 10, 20, and 50. Tagore emphasized the immense difficulties caused by this shortage, particularly in rural areas and urban poor communities, where cash transactions are essential for daily business, especially among small vendors and daily wage workers.
Tagore urged immediate intervention to direct the Reserve Bank of India (RBI) to resume printing and distributing these notes, stressing that this shortage has disproportionately impacted those without access to digital payment systems. Additionally, he called for improved access to digital payment infrastructure in rural areas to address the digital divide.
Wrote a letter to Hon’ble Finance Minister @nsitharaman regarding the severe shortage of Rs. 10, 20, and 50 denomination notes, which is causing hardship in rural and urban poor communities. Urging for immediate intervention to resume 1/2 pic.twitter.com/NEYXsIOZ9d
— Manickam Tagore .B🇮🇳மாணிக்கம் தாகூர்.ப (@manickamtagore) September 21, 2024
In his letter, Tagore requested the Finance Ministry to take swift action to alleviate the burden faced by marginalized communities due to the shortage of lower denomination currency notes.
