Odisha government has asked banks to improve cash availability to enable people in cyclone-affected districts to buy essential items. Cash availability is not a problem in the State.”Digital payment and cash withdrawal from ATMs were affected as power had not been restored in many areas ever since cyclone Fani hit Odisha on May 3. The Odisha government’s decision to hand out ₹2000 in cash as part of the Chief Minister’s package has proved to be of great help. The special State Level Banker’s Committee discussed the measures banks and insurance companies must take in cyclone affected areas. “The loans may be rescheduled keeping in view the lower cash flow to SHGs and Micro, Small and Medium Enterprises.

Source: The Hindu May 10, 2019 19:07 UTC