Economic Affairs Secy: Banks instructed to ensure farmers get cash
November 23, 2016  10:53
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Economic Affairs Secretary Shaktikanta Das briefing the media:

* National Bank for Agriculture and Rural Development has sanctioned Rs 21,000 crore limit to district central cooperative bank.

* NABARD and Reserve Bank of India have been advised to ensure adequate cash supply is available to the district central cooperative banks.

* Public banks have said that there has been a surge in demand for usage of digital financial transactions.

* 1.5 lakh post offices to supply cash in villages.

* RBI, banks, NABARD instructed to make available cash to cooperative banks to ensure farmers get credit and certain amount in cash.

* PSU and some private sector banks have agreed to waive off service charges on use of debit card till Dec 31.
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