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17
November 2016
In a bid to ensure a smooth sowing
season, the government on Thursday allowed farmers to withdraw up to Rs 25,000
per week from their designated bank accounts and a similar additional amount
credited to their bank towards produce they sell to state agencies. The Total Investment & Insurance
Solutions
This apart, traders who are registered
with the Agricultural Produce Marketing Committees can withdraw up to Rs 50,000
per week for a smooth procurement process, Economic Affairs Secretary
Shaktikanta Das told reporters here.
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"Agriculture is an important
component. We are at the commencement of the Rabi season. We want to ensure
farmers get smooth supply of fertilizers and other items," Das said.
While concessions have been made for
families that have an upcoming wedding, the amount of money that an individual
can exchange by handing over the old Rs 500 and Rs 1,000 notes in banks has
been lowered to Rs 2,000 from Friday, the official said. The Total Investment & Insurance Solutions
He said a member of the family that has
an upcoming wedding can withdraw up to Rs 250,000 subject to one of the members
furnishing the PAN card details and also providing an undertaking that no other
member will withdraw such an amount for that purpose.
Two other decisions taken on Thursday
are: A 15-day extension in the payment of crop insurance and an allowance for
withdrawing Rs 10,000 as advance for central government employees up to Group
'C' to be adjusted against their November salary.The Total Investment & Insurance Solutions
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