The Finance Ministry said in a statement that the farmers can now use old Rs 500 notes at state-owned outlets towards the purchase of seeds.
In the statement it read: The government on Monday allowed farmers to purchase seeds with the demonetized bank notes of Rs 500 value. The seeds, using old notes, can be bought from the outlets of central or state governments, state-run enterprises and national or state seeds companies and agricultural universities upon furnishing a valid proof of identity.