NABARD sanctioned Rs 21,000 crore limit to rural areas


NEW DELHI, 23 Nov: The Economic Affairs Secretary Shaktikanta Das announced on Wednesday that the government has taken certain measures to help farmers and also to promote digital transactions across the country.

To avoid cash chaos for farmers in the Rabi crop season, NABARD (National Bank for Agriculture And Rural Development) has sanctioned 21,000 crores to rural areas.

This will enable district cooperative banks to pass the money to primary agri societies.

Also to provide credit to the farmers, the banks, NABARD, and RBI will make cash available to districts.

The list of DCCB’s have been forwarded to the RBI to make the required cash available for the farmers.

As far as RUPAY cards are concerned, all switching charges and other charges have been waived till December 31.

The service providers have also given green signal to waive all switching charges on all debit cards till December 31.

This is done in to ensure more and more people involved in digital transactions.

Indian Railways have announced to waive all service charges on online booking of rail tickets Till 31st December.

The TRAI also deducted USSD charges from Rs. 1.50 to 50 paise for feature phones (not smartphones) – as feature phones comprise over 65% of all phones.

The government will also promote digital transactions at toll plazas. The Ministry of road transport have told manufacturers to include ETC complaint RFID facility in all new cars.

It has directed all new government organisations and public sectors to use only e-payments – that is via card or digital platforms, AADHAAR enabled payments, etc.

The RBI informed that nearly 80,000 ATMs out of two lakh ATMs across the county have been recalibrated. and within few days, the money will be available to all.

 Wefornews Bureau

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