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82,000 ATMs recalibrated, new incentives announced for Rabi season

Acknowledging that farmers have been among the hardest hit by the cash crunch due to demonetisation, the Union government on Wednesday announced a special window of Rs. 21,000 crore to district central cooperative banks to ensure smooth agriculture-related operations during the current rabi season.
●    The government also began a new phase of its demonetisation policy and efforts to make the economy less dependent on cash by boosting digital transactions.
●    Economic Affairs Secretary Shaktikanta Das told that the Rs. 21,000 crore would enable these banks to sanction and disburse crop loans to farmers through the network of primary agricultural cooperative societies.
●    He said nearly 82,000 of the 2.2 lakh ATMs in the country had been recalibrated to dispense new currency, adding that within a few days the remaining ones would be covered. 
●    On seizures of unaccounted-for cash, Mr. Das said the Revenue Department would soon make a statement on the exact quantum. 
●    He said the currency printing presses were working at full capacity in three shifts to replenish the notes.

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