Shaktikanta Das says more initiatives to ease cash crunch, 82,000 ATMs recalibrated

Department of Economic Affairs Secretary, Shaktikanta Das, on Wednesday spoke of the new initiatives taken by Reserve Bank of India (RBI) and the government to help smooth the ongoing battle of a cashless society on account of demonetisation.

Das said the initiatives to ease cash crunch after note ban are as under:

1. According to RBI 82,000 ATMs in the country have been recalibrated.

2. New vehicles to have ETC compliant radio frequency identification (RFID) technology to pass through at toll booths.

3. All government organisations have been advised to use digital transactions.

4. No service charge to customers on feature phones using digital financial technologies.  

5. No charges on debit cards transactions until December 31.

6. National Payments Corporation of India (NPCI) waived switching other charges for RuPay cards.

7. Banks have been advised to sanction seamless crop loans by farmers.

8. National bank for agriculture and rural development (NABARD) and RBI have been advised to give cash to district co-op banks.

9. NABARD has sanctioned Rs 21,000 crore for co-op banks.

10. The government has also added limits to be sanctioned by NABARD on merit.

11. The government is also looking into measures to enable farmer’s digital transactions.