New Delhi, Nov 17, 2016: Money withdrawal norms eased for farmers, agri-traders, weddings . The government on Thursday introduced a set of seven choices pertaining to demonetisation, mainly aimed at clean sowing season forward, including permission to farmers to withdraw as much as Rs 25,000 per week and registered agri-traders Rs 50,00 per week from their bank accounts.
Money withdrawal norms eased for farmers, agri-traders, wedding.
This aside, for households which have an upcoming wedding, one member of the family can withdraw as much as Rs 250,000 one-time, topic to furnishing an endeavor that no different particular person will likely be availing such a concession for the aim and in addition upon giving the PAN card particulars.
Nevertheless, the sum of money that a person can trade from banks by handing over the outdated Rs 500 and Rs 1,000 notes has been lowered to Rs 2,000 from Rs 4,500 with impact from Friday. The usage of indelible ink for such withdrawals will proceed as Money withdrawal norms eased for farmers, agri-traders, weddings.
Giving these details, Financial Affairs Secretary Shaktikanta Das instructed reporters right here that for the reason that nation is on the graduation of Rabi sowing season, the government desires to make sure farmers get clean provide of inputs comparable to seeds and fertilisers.
“Crop loans are sanctioned by numerous financial institution to farmers. The government has allowed Rs 25,000 per week for farmers to attract in money, topic to the restrict of which crops they’re sowing. This money may also be taken from their Kisan bank card,” Das mentioned when Money withdrawal norms eased for farmers, agri-traders, weddings.
One other concession is for farmers who promote their produce by the assorted Agricultural Produce Marketing Committees.
“Farmers who promote their produce in mandis, towards the funds they obtain by means of cheque or RTGS technique (digital transfers into their bank accounts), they’ll draw as much as Rs 25,000 per week from their very own account,” Das stated as Money withdrawal norms eased for farmers, agri-traders, weddings.
Photo Courtesy: financialexpress.com
Money withdrawal norms eased for farmers, agri-traders, weddings
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