The Economic Affairs secretary, Shaktikanta Das told the reporters today that due to the hap-hazard and chaotic disturbances in the banks all over the country, the government has decided to extend the limit of depositing the crop insurance premium for about 15 days more. The Secretary told that farmers are also allowed to withdraw about Rs. 25000 in a week against their loans.
Also 11 new amendments have been seen in the process of demonetization:
- Government has decided that time limit in crop insurance premium cases will be extended by 15 days.
- Government decides that farmers can withdraw Rs 25000 per week from a/c where farmers receive either by cheque or which is credited by the RTGS.
- For wedding ceremonies, upto Rs 2.5 lakh can be withdrawn from the bank account which is KYC compliant.
- For over the counter exchange of old Rs 500/1000 notes, with effect from Nov 18, Rs 4,500 limit will be reduced to Rs. 2000 from tomorrow.
- One member of the family, be it father or mother can withdraw upto Rs 2.5 lakhs for a wedding.
- Task Force held a meeting and a road map has been formed to re-calibrate all ATMs; sure that it will be done soon.
- Central government employees up to Group 'C' can draw salary advance up to Rs 10,000 in cash that'll be adjusted against their November salaries.
- Kisan Credit Cards will be subject to same new limit.
- There is enough cash available with Govt, no cash crunch.
- Currency printing presses operating at over 100 per cent capacity.
- Mandi traders can withdraw upto Rs. 50000 per week.
Demonetization: Drastic downfall reported in property rates of Delhi-NCR area
