Cag unearths farm loan waiver scam

Sathish M (Management Accountant) (40581 Points)

06 March 2013  

 

India Auditor Finds Flaws in Farm Loan Program

 

 

India's federal auditor has detected what it says are flaws and irregularities in the implementation of a farm loan waiver plan, dealing a fresh blow to a government already facing a spate of corruption allegations.

The report by the Comptroller and Auditor General of India, which was tabled in Parliament Tuesday, raised serious concerns over the loan waiver plan after it found lapses and errors in 22% of the 90,576 accounts it audited.

The audit body also alleged that, in 2,824 cases there was evidence of tampering and alteration of records, while in 4,826 cases farmers weren't given due benefits.

 

Source: WSJ