District co-operative banks in Maharashtra are burdened with demonetised notes worth Rs 3,000 crore which they are not able to get replaced. This may affect payment of crop loans to farmers during the kharif season; official sources are quoting saying, reports Indian Express.
The Maharashtra government has already placed the facts before the Union finance ministry in Delhi. But the decision comes under the jurisdiction of the Reserve Bank of India, says a source.
Earlier NCP president and former agriculture minister Sharad Pawar had highlighted the issue and urged the Centre to provide a solution. According to NCP leader Ajit Pawar, Pune district co-operative bank has Rs 575 crore deposits in old notes. Aurangabad district co-operative bank has Rs 40 crore.
