Government Allows Farmers To Purchase Seeds Using Old Denomination Notes

10:38 pm November 21, 2016


To help the farmers who don’t have new currency notes to buy seeds, the government has announced that they will now allow use of old high denomination notes for the same.

In a statement released by the Finance Ministry, it said that farmers can withdraw cash upto Rs 25,000 per week against sanctioned crop loans and can use Rs. 500 and Rs. 1000 notes to purchase seeds.

After the demonetisation move, the farmers went into trouble as the process of sowing seeds during Rabi season got delayed.

Daily-wage labourers, farmers, small business men struggled to make ends meet.after PM Modi announced on November 8 that Rs. 500 and Rs. 1000 currency notes won’t be considered as legal tenders.


 

outlookindia

outlookindia

Meanwhile, West Bengal chief minister Mamata Banerjee asked Centre to come up with a proper plan of action instead of announcing new changes everyday.

“The lower middle class, traders, daily wagers, housewives are the worst sufferers,” she said. Banerjee added that people’s sufferings are not fun and policies should benefit people instead of making them suffer.

 

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