Farmers can use old Rs 500 notes to buy seeds

Farmers can use old Rs 500 notes to buy seeds

The Government has decided to allow farmers to purchase seeds with the old high denomination bank notes of Rs 500.

The Government has decided to allow farmers to purchase seeds with the old high denomination bank notes of Rs 500.

Such seeds can be purchased from the Centres, Units or Outlets belonging to the Central or State Governments, PSUs, National or State Seeds Corporations, Central or State Agricultural Universities and the ICAR, on production of proof of identity, a PIB handout said.

This is in addition to the decision taken earlier for making cash available with the farmers by permitting them to draw up to Rs 25,000 per week from their KYC compliant accounts subject to the normal loan limits and conditions apart from the other facilities announced on 17.11.2016.

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