Impact of Model Code of Conduct on Vellore's Historic Poigai Cattle Market
Synopsis
Key Takeaways
Vellore, March 19 (NationPress) The historic weekly cattle fair at Poigai, situated near Vellore in Tamil Nadu, has seen a significant downturn in operations due to the implementation of the Model Code of Conduct (MCC) ahead of the forthcoming Assembly elections.
Positioned near the Poigai bus terminal along the Chennai-Bengaluru National Highway, approximately 10 kilometers from Vellore, this market has been an essential trading center for livestock in the area.
Typically, on a Tuesday, upwards of 2,000 traders gather, with around 1,500 cattle changing hands in deals amounting to several crores of rupees. However, the new cash restrictions under the MCC, capping individual cash holdings at Rs 50,000, have severely affected market operations.
During the latest trading day, which was the first since the MCC took effect, fewer traders and diminished cattle arrivals were evident.
The market, which has predominantly relied on cash for transactions, is facing significant challenges due to increased surveillance. Inspection teams and flying squads have intensified checks, leading to the confiscation of unaccounted cash and inducing fear among traders and buyers.
The decline in trader participation has resulted in a noticeable 30 percent drop in sales compared to typical trading days. The restrictions have also underscored the difficulties faced by those unaccustomed to digital payment methods, hindering their ability to swiftly adapt to alternative transaction means.
In addition to local traders from Vellore, the Poigai market generally attracts participants from surrounding districts such as Tirupattur, Ranipet, Dharmapuri, and Krishnagiri, as well as from adjacent areas in Andhra Pradesh and Karnataka.
However, stricter checks at inter-district and interstate borders have further deterred movement, leading to a reduction in buyers from other regions.
This situation has raised alarms among traders and cattle owners, as the weekly market is a crucial source of income for many.
With the election-related restrictions likely to persist in the coming weeks, uncertainty looms over the continuation of normal trading activities. Amid these challenges, stakeholders are advocating for measures that support lawful trade during the election period while ensuring adherence to regulatory standards to mitigate prolonged disruptions to the rural economy that heavily relies on livestock trade.