Updated On: 16 December, 2016 08:15 AM IST | | IANS
<p>With the farmers facing hardship due to the demonetisation, the RBI has decided to provide around Rs 70 crore to the District Central Cooperative Banks (DCCBs) in Odisha</p>
Bhubaneswar: With the farmers facing hardship due to the demonetisation, the RBI has decided to provide around Rs 70 crore to the District Central Cooperative Banks (DCCBs) in Odisha on a daily basis to meet the requirement of farmers, said an official on Thursday.
It would provide the money to the DCCBs with regard to crop loan, paddy procurement proceeds and crop insurance claim. Taking a review meeting on the currency situation in the state, Development Commissioner R. Balakrishnan advised Reserve Bank of India (RBI) officials to supply more currency to the DCCBs, which advance near about 65 per cent of the crop loans in Odisha against the national average of 16 per cent.