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Nation Current Affairs 17 Nov 2016 Note ban: Govt eases ...

Note ban: Govt eases wedding woes, families can withdraw upto Rs 2.5 lakh

DECCAN CHRONICLE WITH AGENCY INPUTS
Published Nov 17, 2016, 10:46 am IST
Updated Nov 17, 2016, 12:19 pm IST
For wedding ceremonies, upto Rs 2.5 lakh can be withdrawn from bank accounts which are KYC compliant.
Shaktikanta Das made the announcement on Thursday at a press conference. (Photo: PTI)
 Shaktikanta Das made the announcement on Thursday at a press conference. (Photo: PTI)

New Delhi:  A day after the Opposition hit out at the government over demonetisation of Rs 500 and Rs 1000 notes, highlighting how weddings were being cancelled or postponed, the government on Thursday announced that families can withdraw up to Rs 2.5 lakh from an account for marriage ceremonies.

"For wedding ceremonies, upto Rs 2.5 lakh can be withdrawn from the bank account which are KYC compliant," said Shaktikanta Das, the Economic Affairs Secretary.

 

The government also decided to permit farmers to draw up to Rs 25,000 per week against crop loans sanctioned and credited to their accounts.

"Govt decides that farmers can withdraw Rs 25000 per week from a/c where farmers receive either by cheque or which is credited by RTGS account," said Shaktikanta Das.

The time limit for paying crop loan Insurance premium will be extended by 15 days, he added.

“To enable more people to avail of over the counter exchange of old notes, the limit of Rs 4,500 per withdrawal will be reduced to 2000,” Das said.

Central government employees up to Group C category will be allowed to withdraw up to Rs 10,000 against their November salary in advance to ease queues in banks, the Economic Affairs Secretary added.

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Location: India, Delhi, New Delhi




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