Let farmers buy seeds with old notes, says Agriculture Minister; Finance says no

Department of Economic Affairs cited the surge of deposits in Jan Dhan accounts to counter Agriculture’s request for allowing demonetised currencies for seed purchase.

Written by Amitav Ranjan | New Delhi | Updated: November 18, 2016 11:27 am
demonetisation, farmer crisis, rs 500 ban, rs 1000 ban, cash crunch, use old notes, finance minister, arun jaitley, agriculture, agriculture minister, jan dhan account, Mohan Singh, farmer suicide, farmer money crisis, poor farmer, indian express news, india news Finance Minister Arun Jaitley.

While allowing farmers to draw up to Rs 25,000 per week against crop loans, the Finance Ministry has turned down the request of the Agriculture Ministry to permit farmers to purchase seeds using demonetised currencies of Rs 500 and Rs 1,000.

At a meeting on Tuesday, the Department of Economic Affairs cited the surge of deposits in Jan Dhan accounts to counter Agriculture’s request for allowing demonetised currencies for seed purchase. It argued that this may become a conduit to offload black money.

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It said that since 16 crore Jan Dhan accounts were already active in the rural sector, these could be used by farmers to exchange currency or withdraw cash for buying seeds and fertilisers.

Mohan Singh on November 15 wrote to Finance Minister Arun Jaitley seeking exemptions available to airlines, railways, petrol pumps and hospitals for all government-run seed agencies to sell seeds for rabi crop until November 24.

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Singh’s argument was that such exemption would allow farmers to purchase certified quality seeds from public sector National Seeds Corporation (NSC) rather than fall back upon low-yielding seeds saved from their earlier produce.

This use of saved seeds, Singh wrote, would lower the national output as well as put to waste the high-yielding seeds cultivated by NSC.

Keeping in view that the Rabi target has been fixed at 638.09 lakh hectares of sown area, the Agriculture Minister requested that farmers be allowed to buy seeds worth Rs 10,000 per day using old currency notes until November 24.

As a security measure, he wrote that selling agencies such as NSC, ICAR or state agriculture departments would collect photocopies of identity cards and other details, and get them attested by farmers, if required. Another safeguard could be that no refund of money or return of seeds would be allowed for seeds purchased through old currency notes, he added.

The country is at the commencement of Rabi sowing season and the best time to sow wheat crop is starting November until December 10 after which both quality and yield get affected. Until November 11, India had sown Rabi crop over 146.85 lakh hectares which is 23 per cent of the national target for this year.

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First Published on: November 18, 2016 4:37 am
  1. S
    Satendra kumar
    Nov 18, 2016 at 7:01 am
    The central government made a correct decision making demonetisation process legimate a viable for all Indians rich or poorer that will curbing corruption and making honest livelihood.
    Reply
    1. S
      SubbuI
      Nov 18, 2016 at 8:15 am
      THESE SUB MINISTERS SHOULD NOT FIGHT LIKE SCHOOL BOYS. ONE AND ONLY GOD SEND SRI MODI MUST DECIDE. AND EVERY BODY FROM HIS CABINET AND OPPOSITION PARTY MUST LISTEN.OR ELSE WE WILL CALL THEM ANTI NATIONALlt;br/gt;ONLY SRIMAN BAGHWATH SAR SNCHALAK OF RSS CAN ADVISE SRI MODI.NO BODY ELSE.BECAUCE MODI ONLY KNOWS WHAT IS GOOD FOR SAMPURNA HINDU RASHTRA. THIS GULAM NABI AZAD MUST BE ARRESTED FOR COMPARING OLD USELESS AND COWARD PEOPLE DEATH TO OUE VEER URI JAWANS. PARAKRAMI MODI MUST GIVE ARREST ORDER TODAY ONLYlt;br/gt;ALL OPPOSITION ARE ANTI NATIONAL.MODI IS INDIA and INDIA IS MODI-JAI MODI-lt;br/gt;HAIL MODI
      Reply
      1. A
        Aditya Bondyopadhyay
        Nov 18, 2016 at 12:41 pm
        This is #KalaDhanGhotalalt;br/gt;lt;br/gt;The Corporate minders of the Fascist BJP, its party organisations, and its Sanghi remote controllers had already whitewashed their black money with prior leaked information. If in doubt google for BJP leaders in Punjab waving 2000/- rupee notes 2 weeks before the announcement.lt;br/gt;lt;br/gt;The real sufferers are the farmers, the poor, the daily wagers, the most downtrodden BPL person, who probably does not even have a bank account because the Modi Government never gave them a Aadhaar Card, because they are homeless and cannot provide an address. These are the ones on the path to starvation, and a debt cycle spiralling downwards.
        Reply
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          ams
          Nov 18, 2016 at 2:38 am
          BJP and Congis spent Rs 80cr/day each on newspaper ads for 3 months before 2014 Lok Sabha elections. 80% of this money comes from unnamed sources. Now tell me who has black money!!!!
          Reply
          1. A
            Ajay
            Nov 18, 2016 at 8:49 am
            THE FINANCE MINISTRY OFFICIALS OUGHT TO BE TOLD THERE IS A DIFFERENCE BETWEEN ILLEGALITY OF TENDER AND NOT BEING A LEGAL TENDER. HUNDI IS NOT A LEGAL TENDER BUT IS NOT AN ILLEGAL TENDER
            Reply
            1. A
              amarjeet
              Nov 18, 2016 at 9:46 am
              all BJPee wlala's are Blind Bakht..copy right of impotent FEKU. let him get his wife first before doing nation building. SC said riot like situation. get Amit Shah and Mohan bhagwat and kill them at Chandni Chowk. M killers. go and see the situation in remote villages and small towns, poor people are standing and dying in .they are sitting in AC rooms and dictataing modis and RSS and Jootley's wala's propaa. shoot urself and say zoor se Bharat mata aur pita ke jai
              Reply
              1. A
                amarjeet
                Nov 18, 2016 at 9:46 am
                all BJPee wlala's are Blind Bakht..copy right of impotent FEKU. let him get his wife first before doing nation building. SC said riot like situation. get Amit Shah and Mohan bhagwat and kill them at Chandni Chowk. M killers. go and see the situation in remote villages and small towns, poor people are standing and dying in .they are sitting in AC rooms and dictataing modis and RSS and Jootley's wala's propaa. shoot urself and say zoor se Bharat mata aur pita ke jai
                Reply
                1. A
                  Arun Jain
                  Nov 18, 2016 at 2:48 am
                  Worst ever decision by a government! Punishing the common man for no fault of their own. Corrupt already knew. No action against the really corrupt with huge deposits in Swiss Bank.
                  Reply
                  1. A
                    ashok s
                    Nov 18, 2016 at 12:10 am
                    If govt allows the black money holders might get another window for exchange of money. A task force should be set up for this to see if farmers are actually suffering due to genuine reason. If farmers have sold their khatif crop for cash why they didn't deposited cash in bank. Their should be accountablity for farmers and essential knowledge should be provided to them of banking and insurance products. If they don't want to grow even after that then the govt is responsible for them
                    Reply
                    1. A
                      ashok s
                      Nov 18, 2016 at 4:25 am
                      Poor netizens , farmers looted of 3 trillion . builders , jewellers deposited ,14 trillion s . justice justice pls
                      Reply
                      1. C
                        chipku
                        Nov 18, 2016 at 1:27 pm
                        Dont bother. We know you all are creating social unrest by posting negative news in social media. Go and help those who are helping flush out black money. No matter what we will not be fooled by people like you. No political party is honest. We will vote for those who even if is 5% more honest so we will vote modi. now go to sleep with your cash of 1000 rupees below bed.
                        Reply
                        1. D
                          dd
                          Nov 18, 2016 at 3:07 am
                          CROOKS are lin actions but Modi is sticking to his GUN... Modi Ji. Just make sure my dea poor/Middle cl indins get thie money..
                          Reply
                          1. D
                            dd
                            Nov 18, 2016 at 2:16 am
                            CROOKS are looking for all different kind of exceptions but Modi is sticking to his GUN...Good going Modi Ji. Just make sure my dea poor/Middle cl indins get thie money..
                            Reply
                            1. D
                              dd
                              Nov 17, 2016 at 11:58 pm
                              IE is in favor of BLACK money. IE should have avoided this kind of headline...
                              Reply
                              1. D
                                dd
                                Nov 17, 2016 at 11:56 pm
                                If you allow that you will run out of seeds this CROOKS will make it worst...
                                Reply
                                1. D
                                  dd
                                  Nov 18, 2016 at 9:47 pm
                                  Whats your better way?
                                  Reply
                                  1. R
                                    Rajiv Dua
                                    Nov 18, 2016 at 4:26 am
                                    This FM has lost his mind
                                    Reply
                                    1. S
                                      Sreenivasan
                                      Nov 18, 2016 at 10:50 am
                                      No. The FM said. Because we know he and his ministry believe that our farmers have been looting the country by way of subsidies on all inputs. Now our banks will be full of cash and it will attract FDI into our bank shares. Later we can write off more bad loans of leading industrialists and businessmen as we have been doing every year. Who is going to ask you questions ? The advocates like our FM in Supreme Court will have more cases defending our banks in the recovery cases filed by them.
                                      Reply
                                      1. S
                                        Sreenivasan
                                        Nov 18, 2016 at 6:17 am
                                        So, according to you unemployment, terrorism (both Indian and imported) and naxalism are all about black money. Has any study back your conclusion or is it only something you heard from Sanghs ? You are too innocent to discuss such serious issues Sir.
                                        Reply
                                        1. S
                                          Sanjay Gupta
                                          Nov 18, 2016 at 10:17 am
                                          My question is very simple..why can't farmers buy seeds with a cheque..any problems in paying with a cheque or receiving in cheque??? I would like to ask all the intellectuals and media people and all such people raising questions about cash crunch..is it acually cash crunch which is bothering???
                                          Reply
                                          1. G
                                            Gupt roog
                                            Nov 18, 2016 at 9:50 am
                                            Baba and Modi both have Gupt Roog.....all BJPee wlala's are Blind Bakht..copy right of impotent FEKU. let him get his wife first before doing nation building. SC said riot like situation. get Amit Shah and Mohan bhagwat and kill them at Chandni Chowk. M killers. go and see the situation in remote villages and small towns, poor people are standing and dying in .they are sitting in AC rooms and dictataing modis and RSS and Jootley's wala's propaa. shoot urself and say zoor se Bharat mata aur pita ke jai
                                            Reply
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