Thirty-six per cent of respondents rated the scheme as being poorly implemented against only 25 per cent three weeks ago.

Support for demonetisation declining among citizens Survey
news Demonetisation Tuesday, December 13, 2016 - 07:28

With the cash crunch continuing to cause hardship to the common people, the popular support for Narendra Modi government’s demonetisation of high denomination notes is declining, a survey said on Monday.

According to the survey conducted by citizen engagement platform LocalCircles in which 8,526 people participated, only 39 percent now felt the implementation of the scheme has been good as against the 51 percent of the respondents who supported it about 3 weeks ago.

Thirty-six per cent of respondents rated the scheme as being poorly implemented against only 25 per cent three weeks ago.

While demonetisation was a radical step, the respondents believed the government should have planned better to avoid the inconvenience, which should have eased by now, the survey said.

With reports of over Rs 12 lakh crore demonetised currency already being deposited in banks and still over two weeks to go for the deadline, many respondents also questioned the efficiency of the entire exercise.

Reports of seizure of large stashes of new currency across the country and multiple cases of bank personnel found to be involved in such collusion has also led to the decline in support of demonetisation, the survey said.

The government had announced the demonetisation of high value currency of Rs 500 and Rs 1000 notes on November 8. 

Show us some love and support our journalism by becoming a TNM Member - Click here.