RAJANNA-SIRCILLA: The cashless economy envisaged by the Central government is doing nothing much to help the public. Yet another example of the negative impact of demonetisation is that on the weaver community in Rajanna Sircilla district. The decision to scrap big notes has taken a toll on the textile units in Sircilla Textile Park, with over 50 per cent of the units situated in the park being shut down due to non availability of raw materials.
There are about 116 textile units, which produce cloth with the help of about 1,600 power looms.
However, post demonetisation nearly 700 looms have closed down due to non-availability of raw materials.
Until recently, 3.20 lakh metres of cloth was produced at these looms per day, which has now fallen to 1.80 lakh metres, bringing down the production drastically.
Textile managements are not able to purchase raw materials due to shortage of cash affecting the production.
With production falling down, textile unit managements have told workers to look for alternative sources of income.