Bengaluru: Chief Minister Siddaramaiah on Thursday requested the Centre to allow district central cooperative (DCC) banks to accept deposits according to the guidelines of the demonetisation scheme.
In a letter addressed to Union Finance Minister Arun Jaitley, CM Siddaramaiah said that the decision of not allowing DCC banks from carrying out transactions has affected lakhs of farmers in the state who are unable to repay their loans, draw fresh loans and deposit their cash in DCC banks.
Siddaramaiah further added farmers who have availed farm loans will be considered ineligible for interest subsidy if they fail to repay loans within the stipulated date. They will also not be eligible to get fresh crop loans for rabi crop.
Dairyfarmers have not been able to receive payments as the milk cooperative societies could not deposit money in the DCC banks, he added.
(Agencies)
