banner_ad

Cag unearths farm loan waiver scam

News 697 views 1 replies

 

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

Replies (1)

Just an Observation..

I read in an article, the amount of loan waived to be Rs.50,000 Crores and the loans waived were for 90,576 farmers.

So that means on an average, Rs.50,00,000 of loan has been waived for each farmer??!! 

I better have some influence there.. would be helpful!!devil


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 05 May 2026
ARTICLED ASSISTANT

JS ADVISORS

New Delhi

CA Inter

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details