Updated By: LatestGKGS Desk
Note Ban: Relief for Farmers by NABARD to buy seeds & fertilizers
NABARD provides relief for farmers to sow seeds during rabi season
The National Bank for Agriculture and Rural development tospent Rs.21,000 crore for farmers to help them to sow winter crops like wheat.
NABARD will distribute money to the farm cooperatives for onward making payments to the farmers.
Farmers facing liquidity of cash insufficient cash to buy seeds
In the current Rabi season farmers are facing problems due to demonetisation so the Government of India has provided those facility to the farmers so that they can sow the crops easily.
This move by the Government would help the farmers who were facing crisis or left with very little cash to buy seeds and fertilisers for winter crops.
This would be a great help to the farmers in meeting crop loan requirements in Rabi season.
Over this amount if the additional amount is required Government will sanction to NABARD.
