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Bogus crop loans mar waiver in Telangana

Officials avail loans using old photocopies
NIZAMABAD: A few bankers, staff of primary agriculture cooperative societies have resorted to irregularities in implementing crop loan waiver scheme. Shockingly, in Gandipet village alone Rs 14 crore bogus crop loans issued.
Minister for agriculture Pocharam Srinivas Reddy detected the irregularities and warned the officials maintain care while implementing crop loan waiver scheme.
While interacting with agricultural and lead bank officials through video conference, he said that waiver should be provided to the eligible farmers' only and that serious action would be initiated on errant officials.
Minister also said that bogus crop loans were issued on a large scale in Banswada, Sirikonda, Lingampet and other mandals. He suggested priority should be given to the small and marginal farmers in implementing the scheme.
He suggested priority should be given to the small and marginal farmers in crop loan waiver scheme. In Nizamabad district Rs 437.89 crore released to the 3.99 lakh bank accounts of farmers for crop loan wavier scheme. About Rs 790 crore renewed for crop loans to 2.80 lakh farmers.
Remaining 30 crop loan renewals will be completed by October end. Meanwhile, errant staff of banks and cooperative societies planned to swindle the funds. Using the photo copies of old crop loan applications, they sanctioned new loans with bogus bank accounts.
Without involvement of farmers, a few bank emplo-yees availed the crop loans and now planning to get the waiver facility. Noticing all these, irregularities the state government has decided to conduct thorough inquiry on beneficiaries.
( Source : dc correspondent )
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