Demonetization: Farmers Can Now Withdraw 25,000 Per Week

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Demonetization

The abolishment of Rs. 1000 and Rs. 500 notes by the Modi Government is the assurance of a better future for all the residents of India. With an urge of putting a full stop to financially supporting the terrorist and discarding black money the Central Government’s decision is highly appreciated by the general public. And now the government has decided that the farmers can withdraw 25000 per week. The news got confirmed when ANI tweeted about the same.

Farmers can now withdraw 25000 per week

Economic Affairs Secretary Shaktikanta Das said that “Govt decided to permit farmers to draw 25,000 per week against crop loans sanctioned and credited to their accounts”. The news came as a great relief for the farmers as they were facing immense financial issues since ever since the demonetization of 1000 and 500 rupee notes. Das also added that the farmers would be withdrawing the money from accounts which would give them the cash either by cheque or it can be credited by Real Time Gross Settlement account (RTGS).

Nevertheless, people are facing innumerable problems regarding the withdrawal of money these days. Half of the ATMs run out of cash mostly and the banks are always occupied and congested. This change was extremely necessary, the general public might go through hardships right now but it would be highly beneficial for them in the long run and improve India’s GDP. Narendra Modi has shown a brighter picture to the residents of India and has promised them to provide a corruption free country. Hence Demonetization of the 1000 and 500 rupee currency notes was an imperative decision taken by the Central Government.

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