Shillong November 14: The Chief Secretary, Meghalaya convened a meeting today with the officers of RBI, all the major banks and the Postal Department to review the position of remittance of funds received by various Banks in the State and the measures they are taking to ensure adequate availability of money in the state for smooth functioning of the economy.
During the meeting, it was informed that the State has received adequate amount in the denomination of rupee 2000 notes. The state government will further take up the matter with the Government of India to ensure that the smaller denomination notes are sufficiently available so that the common public does not face hardship. The Banks also informed that the pressure at the exchange counters has eased substantially and the situation should stabilize over the next few days. They also assured that they will try to keep maximum number of ATMs functional.
The Post Master General has been advised to utilize the existing network of 68 numbers of Sub Offices in the state particularly to cater to the rural areas. The State Bank of India (SBI) was advised to ensure adequate availability of funds to the Department of Post for the purpose.
The Chief Secretary also advised the Banks to explore the possibility of having Mobile Units for distribution/exchange of money. The Banks were asked to tie up with the Office of the Deputy Commissioner(s) for disbursement/ exchange of money in the rural areas especially on the market days. Adequate security will be provided to the Banks for the purpose by the state Govt.
The Chief Secretary further informed that the Government is taking all possible measures to ensure that the public is not put to any inconvenience during this transition period.
