Latest announcement from the Indian finance ministry 17 Nov
– effective 18 Nov
– allowes registered traders to draw up to 50,000 rupees per week
– farmers will be able to withdraw up to 25, rupees per week against crop loans
Millions of Indian farmers have no bank accounts and depend on local moneylenders to fund their sowing.
India cuts limit of over-the-counter exchange of old 500 and 1000 notes to 2000 rupees
