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Farm loan waiver fraud hits AP

http://www.newindianexpress.com/states/andhra_pradesh/article1490084.ece#.Ux9DZrV5fp8 By Express News Service – HYDERABAD Published: 06th March 2013 08:55 AM Last Updated: 06th March 2013 08:55 AM Andhra Pradesh has its share of the “irregularities” committed in the implementation of the Agricultural Debt Waiver and Debt Relief Scheme (ADWDRS), 2008. The Comptroller and Auditor General, in his report submitted to Parliament on Tuesday on ADWDRS, found that, among other things, one private Scheduled Commercial Bank (name not mentioned) received reimbursement for loans which were extended to Micro Finance Institutions (MFIs) in five states, including Andhra Pradesh. The amount reimbursed was Rs 164.6 crore (for all the five states). In AP, the total number of farmers who benefited from the scheme […]

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