Government Issues Fresh Guidelines On Withdrawal Norms: All You Need To Know

In a breather for farmers across the country ahead of the onset of Rabi season, Economic Affairs Secretary Shaktikanta Das Thursday announced that farmers can withdraw up to Rs 25,000 per week from the payment they receive for agriculture produce in form of cheque or RTGS. Further, the government has decided to increase the time limit for payment of crop insurance premium to 15 days. “Government has decided that time limit in crop insurance premium cases will be extended by 15 days,” Das said. The Finance Ministry will also allow registered traders at mandis to withdraw up to Rs 50,000 per week to meet labour costs. All the accounts of farmers and trad