NEW DELHI, Nov 23 (Reuters) - The Indian government has
allowed a state-run lender to disburse 210 billion rupees ($3.07
billion) to farmers to help them sow winter crops such as wheat,
a top finance ministry official told reporters on Wednesday.
Shaktikanta Das, economic affairs secretary, said the
National Bank for Agriculture and Rural Development (NABARD)
will disburse the money through farm cooperatives.
Prime Minister Narendra Modi's shock move to cancel 500 and
1,000 rupee banknotes as legal tender has left millions of
farmers with little cash to buy seeds and fertilisers for winter
crops, threatening production of key commodities and hurting
rural communities that were only just recovering after two years
Small farmers get 40 percent of their credit from
cooperative banks, Das said.
($1 = 68.4600 Indian rupees)
(Reporting by Manoj Kumar; Editing by Biju Dwarakanath)