Chief Minister Shivraj Singh Chouhan said that the Cooperative Banks and Societies must accept 500 and 1000 rupee currency notes against repayment of loan by the farmers in their loan accounts. No inconvenience should be faced by the farmers, labourers and common citizens for cash payment.
He directed the officials to ensure convenient payment arrangements utilizing their administrative skills. Chouhan was reviewing the current situation of cash flow in the state.
Chouhna said that this decision has been taken to avoid inconveniences of the farmers due to ban on big currency notes. Moreover decision has been taken that beside cash payment, the farmers are free to choose RTGS, bank drafts, banker’s cheques or account payee cheques as payment options. The farmers can choose payment options as per the situation. Chouhan has told the Reserve Bank Officers that efforts should be made to extend RTGS payment’s time limit from 4 pm to 6 pm.
Chouhan further gave directives that banking services should be provided in the premises of big mandis also. He mentioned that the farmers whoever wish to store their produces in Mandi’s warehouse can store it without any charge till December 15.
He directed the Commissioner Mandi Board for arrangements to provide cheque book containing 1000 leafs immediately to the traders to facilitate payment in large quantity. He directed to increase credit limit of the mandi traders. Also convenient arrangements should be made for payment under social security pension.
Chouhan further mentioned that the Union Government decision to demonetised ` 500 and 1000 currency notes is being lauded by the common people. The country will get rid of terrorism, corruption, black money and fake currency. People are supporting overwhelmingly. Hence, banks and other concerned institutions should make effective arrangements to avoid inconveniences in daily routine. Prices of materials should not be increased artificially and no scarcity should be created.
Additional Principal Secretary Finance AP Shrivastava, ACS Home KK Singh, Principal Secretary Agriculture Rajesh Rajora, Principal Secretary to CM Ashok Varnwal, Managing Director of Mandi Board Rakesh Shrivastva, Commissioner Cooperatives Kavindra Kiyawat, Regional director of Reserve Bank of India , High Ranking Officers of State Bank of India, Central Bank of India were present in the meeting.