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PM Modi’s Demonetisation Move Brings Huge Relief for Farmers and Families Celebrating Weddings

The government on Thursday announced a new set of measures to ease the massive cash crunch after the sudden currency ban

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Picture of Indian currency. Flickr

New Delhi, November 17, 2016: The government on Thursday announced a new set of measures to ease the massive cash crunch which followed after the sudden currency ban. Since November 8, the government announced several measures to reduce the pressure on people.

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Here are a few of the latest announcements made:

• The limit for exchanging the notes at the banks has been reduced to Rs. 2,000 from Rs. 4,500 for each person from Friday. Economic Affairs Secretary, Shaktikanta Das said that by this way more people would get a chance to exchange the old notes of Rs. 500 and Rs. 1,000.

[bctt tweet=”Notes swapping limited To Rs. 2,000 from tomorrow” username=””]

• Families can withdraw a maximum of Rs. 2.5 lakh for weddings but that is only from one account and based on self-declaration. This was necessary as because in the wedding season, the notes ban led to a severe crisis for those families who had withdrawn cash in bulk before the demonetisation or need cash for wedding purpose.

• “Crop loans are sanctioned by various banks to farmers. The government has allowed Rs 25,000 per week for farmers to draw in cash, subject to the limit of which crops they are sowing. This cash can also be taken from their Kisan credit card,” Das said.

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• Agri-Traders can withdraw up to Rs. 50,000 per week from their designated bank accounts to pay the expenses such as wages

• “Farmers who sell their produce in mandis, against the payments they receive by way of cheque or RTGS method (electronic transfers into their bank accounts), they can draw up to Rs 25,000 per week from their own account,”Das said.

• The time limit to pay the insurance premium on crop loan has been extended by 15 days.

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• Government employees will have the option to draw the salary advance in cash.

-by NewsGram team with inputs from agencies

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Know About The Psychologists Team Helping To Prevent Farmers’ Suicides in Parts of Telangana

"The farmers are victims of circumstances, economic disparity and farm related issues. With no way to repay their loans, they suffer harassment at the hands of private money lenders and banks and the constant worry of how will I repay debts and manage my family haunts them."

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farmers
"Sometimes, farmers in distress may not approach us as seeking help is considered a stigma. Then we decided to have field teams who would speak to farmers," she said. Pixabay

Not satisfied with her cozy job at a corporate hospital here, a psychologist joined a team that is helping to prevent farmers’ suicides in parts of Telangana.

Shruti Naik wanted to explore the area of rural distress and found the task more challenging.

Her experience in three districts of Telangana that reported the highest cases of farmers’ suicides in the country has helped her understand the problem.

“I realized how severe the problem is and how misconceptions get propagated in the outside world,” Naik told IANS at the office of the ‘Kisan Mitra’ helpline at Tarnaka here.

farmer
The problems of tenant farmers is a huge issue in Telangana. They are not covered under the ‘Rythu Bandhu’ scheme being implemented by the state government to provide investment support of Rs 8,000 per acre per year. Pixabay

“The farmers are victims of circumstances, economic disparity and farm related issues. With no way to repay their loans, they suffer harassment at the hands of private money lenders and banks and the constant worry of how will I repay debts and manage my family haunts them.”

Kisan Mitra, run by Centre for Sustainable Agriculture, an NGO, provides last mile delivery of services to farmers with respect to their entitlements. It serves as a bridge between government and farmers and tries to see that issues faced by farmers are resolved which otherwise would make them to go into distress.

It was started in 2017 in Vikarabad district at the initiative of then District Collector Divya Devarajan, who suggested that the NGO should take up the matter.

However, they realized that it was not just the helpline which was required.

“Sometimes, farmers in distress may not approach us as seeking help is considered a stigma. Then we decided to have field teams who would speak to farmers,” she said.

The helpline expanded its activity to Adilabad, a backward district bordering Maharashtra, after Devarajan was transferred there as the Collector. Subsequently, it also began its activities in Mancherial district.

“We have so far received 8,000 calls relating to problems like land issues, crop related, payments, loans and banker-related issues. We tried to resolve 4,000 cases. Not all were in distress. The idea is to solve problems before they go into distress,” said Naik.

She heads a team of seven members, all women. The counselors who receive the calls take down the details of the farmers and forward them to the respective field-level coordinators for follow-up.

It is also working with the government to rehabilitate the families of farmers who committed suicide. On International Women’s Day last year in Adilabad district, it called a meeting of 120 widows and their families. They were provided alternative livelihood with the government’s support.

farmer
“If they get some handholding they will do well. If they are helped in areas like minimum support price and if there is some awareness created about debt management, they will not resort to suicides.” Pixabay

The problems of tenant farmers is a huge issue in Telangana. They are not covered under the ‘Rythu Bandhu’ scheme being implemented by the state government to provide investment support of Rs 8,000 per acre per year.

Also Read: The Flamboyant Plastic Waste Boat Reminds The Global Policy-Makers The Urgency To Address Impact Of Plastics on The World’s Marine Environment

Studies show that 75 per cent of farmers who commit suicide in Telangana are tenant farmers. Kisan Mitra has helped 5,000 tenant farmers in Adilabad obtain loan eligibility cards. It negotiated with some bankers to form joint liability groups with 4-5 in each group. The groups were provided loans of Rs 1 lakh each.

Naik believes depression among farmers is a consequence of circumstances and farm and finance related issues. “If they get some handholding they will do well. If they are helped in areas like minimum support price and if there is some awareness created about debt management, they will not resort to suicides,” she said. (IANS)