Farmers can purchase seeds with old 500 rupee notes

In yet another relaxation since its decision to demonetise high value currency notes, the Government has now allowed farmers to purchase seeds with the old series ₹ 500 from outlets belonging to the Centre or States or from public sector firms.

“This can be done on production of proof of identity,” said the Finance Ministry on Monday.

The move comes at a time for the sowing for the rabi season.

Last week, the government had also permitted farmers to draw cash of up to ₹ 25,000 per week from their KYC compliant accounts.