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Farmers can buy seeds with old rupees 500 from select outlets

by IBNS 21 Nov 2016, 11:06 am

#Demonetisation #farmers in trouble from demonetisation #Rabi crop seeds

New Delhi, Nov 21 (IBNS): The Union government has decided to allow farmers to purchase seeds with old 500 rupee notes, according to media reports..

In order to further support farmers for the current Rabi crop, the government said that farmers will be allowed to purchase seeds with the old high denomination bank notes of Rs.500 from the centres, units or outlets belonging to the Central or state governments, public sector u, national or state seeds corporations, Central or state agricultural universities and the Indian Council of Agricultural Research (ICAR), on production of proof of identity.
 
This is in addition to the decision taken earlier for making cash available with the farmers by permitting them to draw up to Rs.25,000 per week from their KYC compliant accounts subject to the normal loan limits and conditions apart from the other facilities announced on November 17, 2016.

 

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