Among other measures, traders in agricultural mandis have been permitted to draw Rs. 50,000 in cash per week to pay for sundry expenses like wages.
To ensure sowing in Rabi season, the government has allowed farmers to withdraw Rs 25,000 a week against crop loan/kissan credit card. Time limit for payment of crop loan insurance premium to be extended by 15 days.
Goverment employees up to Group C will have an option to draw salary advance in cash.
Prime Minister Narendra Modi had on November 8 demonetised Rs 500 and Rs 1,000 notes in his bigger war against black money, terror financing and counterfeit notes.
Since then a lot of representations have come to Prime Minister and Finance Minister to ease withdrawal norms for wedding purposes.
“This has been considered by the government and decided that for wedding ceremonies, up to Rs 2.5 lakh will be allowed to be withdrawn from account if father or mother or the bride and groom,” Mr. Das said.
He said the account has to be KYC compliant and self declaration has to be given to the bank. The Rs 2.5 lakh can be withdrawn from only one account.
Sourced from agencies, feature image courtesy: financialexpress.com
