NEW DELHI/ Our Correspondent
The limit for swapping notes at banks has been reduced from Rs. 4,500 to Rs. 2,000 for each person.
Announcing another set of measures to ease a massive cash crunch after the currency ban government today said that families can withdraw Rs. 2.5 lakh for weddings from one account and farmers can withdraw up to Rs. 25,000 a week, the
“The government has decided to permit farmers to draw up to Rs. 25,000 per week against crop loans sanctioned and credited to their accounts,” said Economic Affairs Secretary Shaktikanta Das .
The accounts have to be in the name of the farmer and will be subject to loan limits.
The government’s sudden decision to pull out Rs. 500 and Rs. 1,000 notes from circulation has driven people to wait for hours at banks and ATMs for cash.
In the wedding season, the notes ban has led to a severe crisis for several families who had withdrawn cash just before the demonetisation.