Thanks to demonetisation, banks do not have cash for relief to farmers!

Nagpur | Wednesday | 21st June, 2017

Summary:

3 min readNagpur/Mumbai: The interim relief of Rs 10,000 in cash to the farmers has gone up for a toss, thanks to demonetisation. “RBI has not taken cash (old) from us from the head office, that’s why we have a problem of cash. 2,770 crore in old notes is lying with district central cooperative banks, said Maharashtra State Cooperative Bank Chairman Dr ML Sukhdeve. Many other district central cooperative banks and came across a similar response. Outside Nashik District Central Cooperative Bank, Vishnu Jadhav said he has a loan of 1.15 lakh and has no money to repay it..