Home / News / India News / Article / RBI to provide Rs 70 cr daily to DCCBs for farmers in Odisha

RBI to provide Rs 70 cr daily to DCCBs for farmers in Odisha

<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>

Listen to this article :

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.

Trending Stories

Latest Photoscta-pos

Latest VideosView All

Latest Web StoriesView All

Mid-Day FastView All

Advertisement