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NABARD Sanctions Rs 21,000 Crore For Farm Credit
NABARD Sanctions Rs 21,000 Crore For Farm Credit

In good news for farmers , the National Bank for Agriculture and Rural Development (NABARD) has sanctioned a special limit of Rs. 21,000 crore to district central cooperative banks to help agriculture through the demonetisation transition phase, DEA Secretary Shaktikanta Das announced during a media conference on Wednesday.

RBI, banks, Nabard have been instructed to make available cash to co-operative banks to ensure farmers get credit and certain amount in cash, said Das.

ALSO READ: Govt Waives Off Charges On Debit Cards Till Dec 31

PSU and some private sector banks have agreed to waive off service charges on use of debit cards till December 31, and Indian Railways will waive off service charges on e-tickets booked till December 31.

Das added that all government organisations, PSUs and agencies have been advised to use digital payment for paying salaries and other expenses and that all digital transactions through feature phones will not be levied with service charges till December 31.