Govt eases cash withdrawal norms for farmers and weddings

New Delhi: A set of seven decisions pertaining to demonetisation were today announced by the government keeping in mind the smooth sowing season ahead.

Among the decisions taken were permission to farmers to withdraw up to Rs 25,000 per week and registered agri-traders Rs 50,00 per week from their bank accounts.

Economic Affairs Secretary Shaktikanta Das stated: “Crop loans are sanctioned by various bank to farmers. The government has allowed Rs 25,000 per week for farmers to draw in cash, subject to the limit of which crops they are sowing. This cash can also be taken from their Kisan credit card.”

“Farmers who sell their produce in mandis, against the payments they receive by way of cheque or RTGS method (electronic transfers into their bank accounts), they can draw up to Rs 25,000 per week from their own account,” Das said.