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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  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
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        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
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            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
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              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
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                  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
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