The decision was taken at a meeting chaired by Union textiles Minister Smriti Irani with bank officials today where she requested banks to reach out to the artisans and weavers and apprise them on demonetisation, besides making arrangements to make cash available to them.
"The measure (dispensing cash) was taken to ensure weavers-artisans do not face difficulty in acquiring raw materials to continue handloom/handicrafts activity," a Textile Ministry official said.
The micro ATMs will be mobilised by local bank officers in consultation with officials of weavers service and marketing service extension centres, which will sensitise weavers and artisans about their location through SMS. Following this, weavers and artisans will be able to withdraw cash from the micro ATMs.
On November 8, Prime Minister Narendra Modi announced the Government's decision to withdraw legal tender status of Rs 500 and Rs 1,000 notes, a move aimed at eliminating black money and curbing terror financing.
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