Govt asks NABARD to disburse Rs 21,000 crore to farmers

  |   India News

Government has allowed NABARD to disburse Rs 21,000 crore to cash-starved farmers, helping them sow winter crops like wheat ahead of the sowing season, Economic Affairs Secretary Shaktikanta Das said today.

The government’s demonetisation move, which swept away 86 percent of currency in circulation, has badly hit farmers leaving them without cash just ahead of the sowing season.

“NABARD, for the facility of agricultural operations in the current rabi season and especially for the benefit of farmers, has sanctioned a special limit of Rs 21,000 crore to district central cooperative banks,” Das told reporters.

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