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The Central Government takes various decisions for the benefit of farmers in the current Rabi Season and to promote digital payments in the economy

News and Press Release - Dated:- 23-11-2016 - Following the cancellation of legal tender character of old ₹ 500 and ₹ 1000 notes, a number of measures have been announced by the Union Government, taking into consideration the requirements of various sections of society. Special measures like higher cash drawal limits for farmers and registered traders in APMC markets/Mandis, extension of time limit for payment of crop insurance premium, purchase of seeds with old high denomination ba .....

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Rabi season and to promote digital payments in the economy. These are in the nature of operational measures and are as follows : (i) NABARD has made available ₹ 21,000 crores limit to the District Central Cooperative Banks (DCCBs) through State Cooperative Banks for Rabi agricultural operations. This will enable the DCCBs to sanction and disburse crop loans to the farmers through the network of Primary Agricultural Cooperative Societies (PACS). This will benefit more than 40% of the small .....

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to provide additional 60 days time for repayment of dues. This will be applicable to personal and crop loans including housing and agricultural loans, taken from banks, NBFCs, DCCBs, PACS or NBFC- MFIs. (iv) There are 30 crore RuPay Debit Cards which have been issued, including those issued to Jan Dhan Account holders. There is a growth of nearly 300% in use of RuPay cards in the last 12 days. To facilitate the use of this debit card, the Banks have decided to waive transaction charges (MDR) up .....

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g services - stand waived till 31.12.2016. (vi) To promote greater usage of payments through e-wallets, RBI has decided to increase the monthly transaction limit for individuals from ₹ 10,000 to ₹ 20,000. Similar enhancements have also been announced by RBI for merchants. (vii) For convenience of passengers, Indian Railways have decided not to levy service charges of ₹ 20 for second class and ₹ 40 for upper classes on purchase of reserved E-tickets upto 31st December, 201 .....

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