In a latest modification and relaxation in the demonetisation drive rules, families will now be able to withdraw Rs 2.5 lakh for weddings from one account. However, the limit to exchange old currency notes at banks has been reduced from Rs 4,500 to Rs 2,000 per person from November 18.

The rules have also been changed for farmers who will be able to withdraw Rs 25,000 per week from their accounts. This was announced by Economic Affairs Secretary Shaktikanta Das on Thursday morning.

Also read: PM Modi's demonetisation drive already modified 10 times in 7 days

However, the accounts from which the money will be drawn for weddings will have to be KYC compliant, Das said.

CURRENCY EXCHANGE LIMIT CURTAILED



Ever since the demonetisation drive was announced, many reports had come in of marriages being held up due to lack of cash. Today's announcement will come as a balm for those families which have weddings scheduled in the next couple of weeks.

Central govt employees up to group C can draw salary advance up to Rs 10,000 in cash that'll be adjusted against their Nov salaries: S Das pic.twitter.com/IKVydZkKI3 ANI (@ANI_news) November 17, 2016

However, the limit to exchange old currency notes at banks has been reduced from Rs 4,500 to Rs 2,000 per person from November 18.

Speaking at a press conference, Das said, "The government has decided to permit farmers to draw up to Rs 25,000 per week against crop loans sanctioned and credited to their accounts."

This move will allow the farmers, who had run out of cash, to buy seeds and ensure sowing for rabi season is not affected.



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The only condition is that the accounts have to be in the farmer's name and will be subject to loan limits.

TIME LIMIT FOR CROP INSURANCE PREMIUM



The government has also decided that the time limit in crop insurance premium cases will be extended by 15 days.

Task Force held a meeting and a road map has been formed to re-calibrate all ATMs; sure that it will be done soon: Shaktikanta Das pic.twitter.com/jnVysCCFj0 ANI (@ANI_news) November 17, 2016

Traders in agricultural mandis will now be permitted to draw up to Rs 50,000 in cash per week to pay for sundry expenses like wages.

Das also announced that Central government employees up to group C will be allowed to draw salary advance up to Rs 10,000 in cash that'll be adjusted against their November salaries.

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Talking about the lack of enough ATMs to dispense money around the country, Das said that the task force had held a meeting and a road map has been formed to re-calibrate all ATMs and ensure that it will be done soon.

Earlier on November 8, Prime Minister Narendra Modi had announced the government's decision to withdraw Rs 500 and Rs 1,000 notes from circulation. This move has driven people to wait in queues for hours outside the banks and ATMs for cash.