Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
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</span></span></code>
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-The Times of India&lt;br /&gt;
&lt;br /&gt;
The UPA-1&#039;s Rs 52,000 crore farm loan waiver scheme is turning out to be a big financial scandal. Out of 1 lakh farm loan waiver accounts audited in 700 bank branches across the country &amp;mdash; involving disbursement of Rs 500 crore &amp;mdash; about 30% of the waiver amount was allegedly found to have been siphoned off by a nexus of bank managers and microfinance institutions (MFIs).&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
TOI had reported on January 17 that the RBI had asked all banks responsible for implementation of the waiver scheme to register FIRs against bank officials and MFIs who fraudulently drew part of the benefit meant only for individual farmers.&lt;br /&gt;
&lt;br /&gt;
As per the direction of the finance ministry and the RBI, banks have started recovery of such fraudulent payments, starting with the accounts that have been scrutinized by the CAG. The government may consider enlarging the scope of the audit, given that the CAG has pointed out irregularities in more than 25% of the accounts.&lt;br /&gt;
&lt;br /&gt;
The opposition BJP and Left have demanded that the CAG report on farm loan waiver be tabled in the Budget session of Parliament and sought investigation of all disbursements under the scheme.&lt;br /&gt;
&lt;br /&gt;
The scrutiny was part of CAG&#039;s performance audit on the farm loan waiver scheme of 2008-09. Sources said close to half a dozen MFIs have been caught in the act of colluding with senior bank officials to claim part of the disbursement . When bank officials were asked to produce documents against which they gave money to MFIs, no authentic accounts were produced .&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
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-The Times of India

The UPA-1&#039;s Rs 52,000 crore farm loan waiver scheme is turning out to be a big financial scandal. Out of 1 lakh farm loan waiver accounts audited in 700 bank branches across the country &amp;mdash; involving disbursement...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-The Times of India&lt;br /&gt;&lt;br /&gt;The UPA-1&#039;s Rs 52,000 crore farm loan waiver scheme is turning out to be a big financial scandal. Out of 1 lakh farm loan waiver accounts audited in 700 bank branches across the country &amp;mdash; involving disbursement of Rs 500 crore &amp;mdash; about 30% of the waiver amount was allegedly found to have been siphoned off by a nexus of bank managers and microfinance institutions (MFIs).&lt;br /&gt;&lt;br /&gt;A comptroller and auditor general (CAG) inquiry into nearly 1 lakh accounts revealed that more than Rs 150 crore was paid to half a dozen MFIs. These MFIs have provided no relevant records to the banks if the benefits have actually gone to deserving farmers. The auditor has also raised objection to the payouts made to MFIs as it was against the mandate of the scheme, which was meant for small and marginal farmers. The disbursement was to be made directly by the banks to eligible farmers.&lt;br /&gt;&lt;br /&gt;TOI had reported on January 17 that the RBI had asked all banks responsible for implementation of the waiver scheme to register FIRs against bank officials and MFIs who fraudulently drew part of the benefit meant only for individual farmers.&lt;br /&gt;&lt;br /&gt;As per the direction of the finance ministry and the RBI, banks have started recovery of such fraudulent payments, starting with the accounts that have been scrutinized by the CAG. The government may consider enlarging the scope of the audit, given that the CAG has pointed out irregularities in more than 25% of the accounts.&lt;br /&gt;&lt;br /&gt;The opposition BJP and Left have demanded that the CAG report on farm loan waiver be tabled in the Budget session of Parliament and sought investigation of all disbursements under the scheme.&lt;br /&gt;&lt;br /&gt;The scrutiny was part of CAG&#039;s performance audit on the farm loan waiver scheme of 2008-09. Sources said close to half a dozen MFIs have been caught in the act of colluding with senior bank officials to claim part of the disbursement . When bank officials were asked to produce documents against which they gave money to MFIs, no authentic accounts were produced .&lt;br /&gt;&lt;br /&gt;As per government records, loans of more than 3.2 crore farmers were waived till 2008-09, thus making them eligible for avail fresh agricultural loans. This would have also helped the banks de-clog their credit disbursement system.&lt;br /&gt;&lt;br /&gt;Though the full waiver of loans was meant for farmers possessing less than two hectares of land, the report revealed that the beneficiaries of the scheme constituted many big farmers with large land holdings. Many of the bank branches have been accused of overlooking deserving farmers having accounts in their bank who were denied benefits of the scheme.&lt;br /&gt;&lt;br /&gt;After a directive from the finance ministry, the RBI issued a notice to chairmen and CEOs of government banks to register FIRs against bank officials who tampered with records. The directive also asked these banks to complete the recovery of such fraudulent disbursements within a month.&lt;/div&gt;&#039;,
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&lt;br /&gt;
TOI had reported on January 17 that the RBI had asked all banks responsible for implementation of the waiver scheme to register FIRs against bank officials and MFIs who fraudulently drew part of the benefit meant only for individual farmers.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
The opposition BJP and Left have demanded that the CAG report on farm loan waiver be tabled in the Budget session of Parliament and sought investigation of all disbursements under the scheme.&lt;br /&gt;
&lt;br /&gt;
The scrutiny was part of CAG&#039;s performance audit on the farm loan waiver scheme of 2008-09. Sources said close to half a dozen MFIs have been caught in the act of colluding with senior bank officials to claim part of the disbursement . When bank officials were asked to produce documents against which they gave money to MFIs, no authentic accounts were produced .&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
Though the full waiver of loans was meant for farmers possessing less than two hectares of land, the report revealed that the beneficiaries of the scheme constituted many big farmers with large land holdings. Many of the bank branches have been accused of overlooking deserving farmers having accounts in their bank who were denied benefits of the scheme.&lt;br /&gt;
&lt;br /&gt;
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The UPA-1&#039;s Rs 52,000 crore farm loan waiver scheme is turning out to be a big financial scandal. Out of 1 lakh farm loan waiver accounts audited in 700 bank branches across the country &amp;mdash; involving disbursement...&#039;
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The UPA-1's Rs 52,000 crore farm loan waiver scheme is turning out to be a big financial scandal. Out of 1 lakh farm loan waiver accounts audited in 700 bank branches across the country &mdash; involving disbursement..."/>
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                <div align="justify">-The Times of India<br /><br />The UPA-1's Rs 52,000 crore farm loan waiver scheme is turning out to be a big financial scandal. Out of 1 lakh farm loan waiver accounts audited in 700 bank branches across the country &mdash; involving disbursement of Rs 500 crore &mdash; about 30% of the waiver amount was allegedly found to have been siphoned off by a nexus of bank managers and microfinance institutions (MFIs).<br /><br />A comptroller and auditor general (CAG) inquiry into nearly 1 lakh accounts revealed that more than Rs 150 crore was paid to half a dozen MFIs. These MFIs have provided no relevant records to the banks if the benefits have actually gone to deserving farmers. The auditor has also raised objection to the payouts made to MFIs as it was against the mandate of the scheme, which was meant for small and marginal farmers. The disbursement was to be made directly by the banks to eligible farmers.<br /><br />TOI had reported on January 17 that the RBI had asked all banks responsible for implementation of the waiver scheme to register FIRs against bank officials and MFIs who fraudulently drew part of the benefit meant only for individual farmers.<br /><br />As per the direction of the finance ministry and the RBI, banks have started recovery of such fraudulent payments, starting with the accounts that have been scrutinized by the CAG. The government may consider enlarging the scope of the audit, given that the CAG has pointed out irregularities in more than 25% of the accounts.<br /><br />The opposition BJP and Left have demanded that the CAG report on farm loan waiver be tabled in the Budget session of Parliament and sought investigation of all disbursements under the scheme.<br /><br />The scrutiny was part of CAG's performance audit on the farm loan waiver scheme of 2008-09. Sources said close to half a dozen MFIs have been caught in the act of colluding with senior bank officials to claim part of the disbursement . When bank officials were asked to produce documents against which they gave money to MFIs, no authentic accounts were produced .<br /><br />As per government records, loans of more than 3.2 crore farmers were waived till 2008-09, thus making them eligible for avail fresh agricultural loans. This would have also helped the banks de-clog their credit disbursement system.<br /><br />Though the full waiver of loans was meant for farmers possessing less than two hectares of land, the report revealed that the beneficiaries of the scheme constituted many big farmers with large land holdings. Many of the bank branches have been accused of overlooking deserving farmers having accounts in their bank who were denied benefits of the scheme.<br /><br />After a directive from the finance ministry, the RBI issued a notice to chairmen and CEOs of government banks to register FIRs against bank officials who tampered with records. The directive also asked these banks to complete the recovery of such fraudulent disbursements within a month.</div>               </font>
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-The Times of India&lt;br /&gt;
&lt;br /&gt;
The UPA-1&#039;s Rs 52,000 crore farm loan waiver scheme is turning out to be a big financial scandal. Out of 1 lakh farm loan waiver accounts audited in 700 bank branches across the country &amp;mdash; involving disbursement of Rs 500 crore &amp;mdash; about 30% of the waiver amount was allegedly found to have been siphoned off by a nexus of bank managers and microfinance institutions (MFIs).&lt;br /&gt;
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&lt;br /&gt;
TOI had reported on January 17 that the RBI had asked all banks responsible for implementation of the waiver scheme to register FIRs against bank officials and MFIs who fraudulently drew part of the benefit meant only for individual farmers.&lt;br /&gt;
&lt;br /&gt;
As per the direction of the finance ministry and the RBI, banks have started recovery of such fraudulent payments, starting with the accounts that have been scrutinized by the CAG. The government may consider enlarging the scope of the audit, given that the CAG has pointed out irregularities in more than 25% of the accounts.&lt;br /&gt;
&lt;br /&gt;
The opposition BJP and Left have demanded that the CAG report on farm loan waiver be tabled in the Budget session of Parliament and sought investigation of all disbursements under the scheme.&lt;br /&gt;
&lt;br /&gt;
The scrutiny was part of CAG&#039;s performance audit on the farm loan waiver scheme of 2008-09. Sources said close to half a dozen MFIs have been caught in the act of colluding with senior bank officials to claim part of the disbursement . When bank officials were asked to produce documents against which they gave money to MFIs, no authentic accounts were produced .&lt;br /&gt;
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-The Times of India

The UPA-1&#039;s Rs 52,000 crore farm loan waiver scheme is turning out to be a big financial scandal. Out of 1 lakh farm loan waiver accounts audited in 700 bank branches across the country &amp;mdash; involving disbursement...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-The Times of India&lt;br /&gt;&lt;br /&gt;The UPA-1&#039;s Rs 52,000 crore farm loan waiver scheme is turning out to be a big financial scandal. Out of 1 lakh farm loan waiver accounts audited in 700 bank branches across the country &amp;mdash; involving disbursement of Rs 500 crore &amp;mdash; about 30% of the waiver amount was allegedly found to have been siphoned off by a nexus of bank managers and microfinance institutions (MFIs).&lt;br /&gt;&lt;br /&gt;A comptroller and auditor general (CAG) inquiry into nearly 1 lakh accounts revealed that more than Rs 150 crore was paid to half a dozen MFIs. These MFIs have provided no relevant records to the banks if the benefits have actually gone to deserving farmers. The auditor has also raised objection to the payouts made to MFIs as it was against the mandate of the scheme, which was meant for small and marginal farmers. The disbursement was to be made directly by the banks to eligible farmers.&lt;br /&gt;&lt;br /&gt;TOI had reported on January 17 that the RBI had asked all banks responsible for implementation of the waiver scheme to register FIRs against bank officials and MFIs who fraudulently drew part of the benefit meant only for individual farmers.&lt;br /&gt;&lt;br /&gt;As per the direction of the finance ministry and the RBI, banks have started recovery of such fraudulent payments, starting with the accounts that have been scrutinized by the CAG. The government may consider enlarging the scope of the audit, given that the CAG has pointed out irregularities in more than 25% of the accounts.&lt;br /&gt;&lt;br /&gt;The opposition BJP and Left have demanded that the CAG report on farm loan waiver be tabled in the Budget session of Parliament and sought investigation of all disbursements under the scheme.&lt;br /&gt;&lt;br /&gt;The scrutiny was part of CAG&#039;s performance audit on the farm loan waiver scheme of 2008-09. Sources said close to half a dozen MFIs have been caught in the act of colluding with senior bank officials to claim part of the disbursement . When bank officials were asked to produce documents against which they gave money to MFIs, no authentic accounts were produced .&lt;br /&gt;&lt;br /&gt;As per government records, loans of more than 3.2 crore farmers were waived till 2008-09, thus making them eligible for avail fresh agricultural loans. This would have also helped the banks de-clog their credit disbursement system.&lt;br /&gt;&lt;br /&gt;Though the full waiver of loans was meant for farmers possessing less than two hectares of land, the report revealed that the beneficiaries of the scheme constituted many big farmers with large land holdings. Many of the bank branches have been accused of overlooking deserving farmers having accounts in their bank who were denied benefits of the scheme.&lt;br /&gt;&lt;br /&gt;After a directive from the finance ministry, the RBI issued a notice to chairmen and CEOs of government banks to register FIRs against bank officials who tampered with records. The directive also asked these banks to complete the recovery of such fraudulent disbursements within a month.&lt;/div&gt;&#039;,
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The UPA-1&#039;s Rs 52,000 crore farm loan waiver scheme is turning out to be a big financial scandal. Out of 1 lakh farm loan waiver accounts audited in 700 bank branches across the country &amp;mdash; involving disbursement of Rs 500 crore &amp;mdash; about 30% of the waiver amount was allegedly found to have been siphoned off by a nexus of bank managers and microfinance institutions (MFIs).&lt;br /&gt;
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&lt;br /&gt;
TOI had reported on January 17 that the RBI had asked all banks responsible for implementation of the waiver scheme to register FIRs against bank officials and MFIs who fraudulently drew part of the benefit meant only for individual farmers.&lt;br /&gt;
&lt;br /&gt;
As per the direction of the finance ministry and the RBI, banks have started recovery of such fraudulent payments, starting with the accounts that have been scrutinized by the CAG. The government may consider enlarging the scope of the audit, given that the CAG has pointed out irregularities in more than 25% of the accounts.&lt;br /&gt;
&lt;br /&gt;
The opposition BJP and Left have demanded that the CAG report on farm loan waiver be tabled in the Budget session of Parliament and sought investigation of all disbursements under the scheme.&lt;br /&gt;
&lt;br /&gt;
The scrutiny was part of CAG&#039;s performance audit on the farm loan waiver scheme of 2008-09. Sources said close to half a dozen MFIs have been caught in the act of colluding with senior bank officials to claim part of the disbursement . When bank officials were asked to produce documents against which they gave money to MFIs, no authentic accounts were produced .&lt;br /&gt;
&lt;br /&gt;
As per government records, loans of more than 3.2 crore farmers were waived till 2008-09, thus making them eligible for avail fresh agricultural loans. This would have also helped the banks de-clog their credit disbursement system.&lt;br /&gt;
&lt;br /&gt;
Though the full waiver of loans was meant for farmers possessing less than two hectares of land, the report revealed that the beneficiaries of the scheme constituted many big farmers with large land holdings. Many of the bank branches have been accused of overlooking deserving farmers having accounts in their bank who were denied benefits of the scheme.&lt;br /&gt;
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The UPA-1&#039;s Rs 52,000 crore farm loan waiver scheme is turning out to be a big financial scandal. Out of 1 lakh farm loan waiver accounts audited in 700 bank branches across the country &amp;mdash; involving disbursement...&#039;
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-The Times of India

The UPA-1's Rs 52,000 crore farm loan waiver scheme is turning out to be a big financial scandal. Out of 1 lakh farm loan waiver accounts audited in 700 bank branches across the country &mdash; involving disbursement..."/>
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                <strong>Bank officials, microfinance institutions cornered benefits of farm loan waiver: CAG report -Pradeep Thakur</strong></h1>
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                <div align="justify">-The Times of India<br /><br />The UPA-1's Rs 52,000 crore farm loan waiver scheme is turning out to be a big financial scandal. Out of 1 lakh farm loan waiver accounts audited in 700 bank branches across the country &mdash; involving disbursement of Rs 500 crore &mdash; about 30% of the waiver amount was allegedly found to have been siphoned off by a nexus of bank managers and microfinance institutions (MFIs).<br /><br />A comptroller and auditor general (CAG) inquiry into nearly 1 lakh accounts revealed that more than Rs 150 crore was paid to half a dozen MFIs. These MFIs have provided no relevant records to the banks if the benefits have actually gone to deserving farmers. The auditor has also raised objection to the payouts made to MFIs as it was against the mandate of the scheme, which was meant for small and marginal farmers. The disbursement was to be made directly by the banks to eligible farmers.<br /><br />TOI had reported on January 17 that the RBI had asked all banks responsible for implementation of the waiver scheme to register FIRs against bank officials and MFIs who fraudulently drew part of the benefit meant only for individual farmers.<br /><br />As per the direction of the finance ministry and the RBI, banks have started recovery of such fraudulent payments, starting with the accounts that have been scrutinized by the CAG. The government may consider enlarging the scope of the audit, given that the CAG has pointed out irregularities in more than 25% of the accounts.<br /><br />The opposition BJP and Left have demanded that the CAG report on farm loan waiver be tabled in the Budget session of Parliament and sought investigation of all disbursements under the scheme.<br /><br />The scrutiny was part of CAG's performance audit on the farm loan waiver scheme of 2008-09. Sources said close to half a dozen MFIs have been caught in the act of colluding with senior bank officials to claim part of the disbursement . When bank officials were asked to produce documents against which they gave money to MFIs, no authentic accounts were produced .<br /><br />As per government records, loans of more than 3.2 crore farmers were waived till 2008-09, thus making them eligible for avail fresh agricultural loans. This would have also helped the banks de-clog their credit disbursement system.<br /><br />Though the full waiver of loans was meant for farmers possessing less than two hectares of land, the report revealed that the beneficiaries of the scheme constituted many big farmers with large land holdings. Many of the bank branches have been accused of overlooking deserving farmers having accounts in their bank who were denied benefits of the scheme.<br /><br />After a directive from the finance ministry, the RBI issued a notice to chairmen and CEOs of government banks to register FIRs against bank officials who tampered with records. The directive also asked these banks to complete the recovery of such fraudulent disbursements within a month.</div>               </font>
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-The Times of India&lt;br /&gt;
&lt;br /&gt;
The UPA-1&#039;s Rs 52,000 crore farm loan waiver scheme is turning out to be a big financial scandal. Out of 1 lakh farm loan waiver accounts audited in 700 bank branches across the country &amp;mdash; involving disbursement of Rs 500 crore &amp;mdash; about 30% of the waiver amount was allegedly found to have been siphoned off by a nexus of bank managers and microfinance institutions (MFIs).&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
TOI had reported on January 17 that the RBI had asked all banks responsible for implementation of the waiver scheme to register FIRs against bank officials and MFIs who fraudulently drew part of the benefit meant only for individual farmers.&lt;br /&gt;
&lt;br /&gt;
As per the direction of the finance ministry and the RBI, banks have started recovery of such fraudulent payments, starting with the accounts that have been scrutinized by the CAG. The government may consider enlarging the scope of the audit, given that the CAG has pointed out irregularities in more than 25% of the accounts.&lt;br /&gt;
&lt;br /&gt;
The opposition BJP and Left have demanded that the CAG report on farm loan waiver be tabled in the Budget session of Parliament and sought investigation of all disbursements under the scheme.&lt;br /&gt;
&lt;br /&gt;
The scrutiny was part of CAG&#039;s performance audit on the farm loan waiver scheme of 2008-09. Sources said close to half a dozen MFIs have been caught in the act of colluding with senior bank officials to claim part of the disbursement . When bank officials were asked to produce documents against which they gave money to MFIs, no authentic accounts were produced .&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
Though the full waiver of loans was meant for farmers possessing less than two hectares of land, the report revealed that the beneficiaries of the scheme constituted many big farmers with large land holdings. Many of the bank branches have been accused of overlooking deserving farmers having accounts in their bank who were denied benefits of the scheme.&lt;br /&gt;
&lt;br /&gt;
After a directive from the finance ministry, the RBI issued a notice to chairmen and CEOs of government banks to register FIRs against bank officials who tampered with records. The directive also asked these banks to complete the recovery of such fraudulent disbursements within a month.
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-The Times of India

The UPA-1&#039;s Rs 52,000 crore farm loan waiver scheme is turning out to be a big financial scandal. Out of 1 lakh farm loan waiver accounts audited in 700 bank branches across the country &amp;mdash; involving disbursement...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-The Times of India&lt;br /&gt;&lt;br /&gt;The UPA-1&#039;s Rs 52,000 crore farm loan waiver scheme is turning out to be a big financial scandal. Out of 1 lakh farm loan waiver accounts audited in 700 bank branches across the country &amp;mdash; involving disbursement of Rs 500 crore &amp;mdash; about 30% of the waiver amount was allegedly found to have been siphoned off by a nexus of bank managers and microfinance institutions (MFIs).&lt;br /&gt;&lt;br /&gt;A comptroller and auditor general (CAG) inquiry into nearly 1 lakh accounts revealed that more than Rs 150 crore was paid to half a dozen MFIs. These MFIs have provided no relevant records to the banks if the benefits have actually gone to deserving farmers. The auditor has also raised objection to the payouts made to MFIs as it was against the mandate of the scheme, which was meant for small and marginal farmers. The disbursement was to be made directly by the banks to eligible farmers.&lt;br /&gt;&lt;br /&gt;TOI had reported on January 17 that the RBI had asked all banks responsible for implementation of the waiver scheme to register FIRs against bank officials and MFIs who fraudulently drew part of the benefit meant only for individual farmers.&lt;br /&gt;&lt;br /&gt;As per the direction of the finance ministry and the RBI, banks have started recovery of such fraudulent payments, starting with the accounts that have been scrutinized by the CAG. The government may consider enlarging the scope of the audit, given that the CAG has pointed out irregularities in more than 25% of the accounts.&lt;br /&gt;&lt;br /&gt;The opposition BJP and Left have demanded that the CAG report on farm loan waiver be tabled in the Budget session of Parliament and sought investigation of all disbursements under the scheme.&lt;br /&gt;&lt;br /&gt;The scrutiny was part of CAG&#039;s performance audit on the farm loan waiver scheme of 2008-09. Sources said close to half a dozen MFIs have been caught in the act of colluding with senior bank officials to claim part of the disbursement . When bank officials were asked to produce documents against which they gave money to MFIs, no authentic accounts were produced .&lt;br /&gt;&lt;br /&gt;As per government records, loans of more than 3.2 crore farmers were waived till 2008-09, thus making them eligible for avail fresh agricultural loans. This would have also helped the banks de-clog their credit disbursement system.&lt;br /&gt;&lt;br /&gt;Though the full waiver of loans was meant for farmers possessing less than two hectares of land, the report revealed that the beneficiaries of the scheme constituted many big farmers with large land holdings. Many of the bank branches have been accused of overlooking deserving farmers having accounts in their bank who were denied benefits of the scheme.&lt;br /&gt;&lt;br /&gt;After a directive from the finance ministry, the RBI issued a notice to chairmen and CEOs of government banks to register FIRs against bank officials who tampered with records. The directive also asked these banks to complete the recovery of such fraudulent disbursements within a month.&lt;/div&gt;&#039;,
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-The Times of India&lt;br /&gt;
&lt;br /&gt;
The UPA-1&#039;s Rs 52,000 crore farm loan waiver scheme is turning out to be a big financial scandal. Out of 1 lakh farm loan waiver accounts audited in 700 bank branches across the country &amp;mdash; involving disbursement of Rs 500 crore &amp;mdash; about 30% of the waiver amount was allegedly found to have been siphoned off by a nexus of bank managers and microfinance institutions (MFIs).&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
TOI had reported on January 17 that the RBI had asked all banks responsible for implementation of the waiver scheme to register FIRs against bank officials and MFIs who fraudulently drew part of the benefit meant only for individual farmers.&lt;br /&gt;
&lt;br /&gt;
As per the direction of the finance ministry and the RBI, banks have started recovery of such fraudulent payments, starting with the accounts that have been scrutinized by the CAG. The government may consider enlarging the scope of the audit, given that the CAG has pointed out irregularities in more than 25% of the accounts.&lt;br /&gt;
&lt;br /&gt;
The opposition BJP and Left have demanded that the CAG report on farm loan waiver be tabled in the Budget session of Parliament and sought investigation of all disbursements under the scheme.&lt;br /&gt;
&lt;br /&gt;
The scrutiny was part of CAG&#039;s performance audit on the farm loan waiver scheme of 2008-09. Sources said close to half a dozen MFIs have been caught in the act of colluding with senior bank officials to claim part of the disbursement . When bank officials were asked to produce documents against which they gave money to MFIs, no authentic accounts were produced .&lt;br /&gt;
&lt;br /&gt;
As per government records, loans of more than 3.2 crore farmers were waived till 2008-09, thus making them eligible for avail fresh agricultural loans. This would have also helped the banks de-clog their credit disbursement system.&lt;br /&gt;
&lt;br /&gt;
Though the full waiver of loans was meant for farmers possessing less than two hectares of land, the report revealed that the beneficiaries of the scheme constituted many big farmers with large land holdings. Many of the bank branches have been accused of overlooking deserving farmers having accounts in their bank who were denied benefits of the scheme.&lt;br /&gt;
&lt;br /&gt;
After a directive from the finance ministry, the RBI issued a notice to chairmen and CEOs of government banks to register FIRs against bank officials who tampered with records. The directive also asked these banks to complete the recovery of such fraudulent disbursements within a month.
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-The Times of India

The UPA-1&#039;s Rs 52,000 crore farm loan waiver scheme is turning out to be a big financial scandal. Out of 1 lakh farm loan waiver accounts audited in 700 bank branches across the country &amp;mdash; involving disbursement...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-The Times of India&lt;br /&gt;&lt;br /&gt;The UPA-1&#039;s Rs 52,000 crore farm loan waiver scheme is turning out to be a big financial scandal. Out of 1 lakh farm loan waiver accounts audited in 700 bank branches across the country &amp;mdash; involving disbursement of Rs 500 crore &amp;mdash; about 30% of the waiver amount was allegedly found to have been siphoned off by a nexus of bank managers and microfinance institutions (MFIs).&lt;br /&gt;&lt;br /&gt;A comptroller and auditor general (CAG) inquiry into nearly 1 lakh accounts revealed that more than Rs 150 crore was paid to half a dozen MFIs. These MFIs have provided no relevant records to the banks if the benefits have actually gone to deserving farmers. The auditor has also raised objection to the payouts made to MFIs as it was against the mandate of the scheme, which was meant for small and marginal farmers. The disbursement was to be made directly by the banks to eligible farmers.&lt;br /&gt;&lt;br /&gt;TOI had reported on January 17 that the RBI had asked all banks responsible for implementation of the waiver scheme to register FIRs against bank officials and MFIs who fraudulently drew part of the benefit meant only for individual farmers.&lt;br /&gt;&lt;br /&gt;As per the direction of the finance ministry and the RBI, banks have started recovery of such fraudulent payments, starting with the accounts that have been scrutinized by the CAG. The government may consider enlarging the scope of the audit, given that the CAG has pointed out irregularities in more than 25% of the accounts.&lt;br /&gt;&lt;br /&gt;The opposition BJP and Left have demanded that the CAG report on farm loan waiver be tabled in the Budget session of Parliament and sought investigation of all disbursements under the scheme.&lt;br /&gt;&lt;br /&gt;The scrutiny was part of CAG&#039;s performance audit on the farm loan waiver scheme of 2008-09. Sources said close to half a dozen MFIs have been caught in the act of colluding with senior bank officials to claim part of the disbursement . When bank officials were asked to produce documents against which they gave money to MFIs, no authentic accounts were produced .&lt;br /&gt;&lt;br /&gt;As per government records, loans of more than 3.2 crore farmers were waived till 2008-09, thus making them eligible for avail fresh agricultural loans. This would have also helped the banks de-clog their credit disbursement system.&lt;br /&gt;&lt;br /&gt;Though the full waiver of loans was meant for farmers possessing less than two hectares of land, the report revealed that the beneficiaries of the scheme constituted many big farmers with large land holdings. Many of the bank branches have been accused of overlooking deserving farmers having accounts in their bank who were denied benefits of the scheme.&lt;br /&gt;&lt;br /&gt;After a directive from the finance ministry, the RBI issued a notice to chairmen and CEOs of government banks to register FIRs against bank officials who tampered with records. The directive also asked these banks to complete the recovery of such fraudulent disbursements within a month.&lt;/div&gt;&#039;
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-The Times of India

The UPA-1's Rs 52,000 crore farm loan waiver scheme is turning out to be a big financial scandal. Out of 1 lakh farm loan waiver accounts audited in 700 bank branches across the country &mdash; involving disbursement..."/>
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                <strong>Bank officials, microfinance institutions cornered benefits of farm loan waiver: CAG report -Pradeep Thakur</strong></h1>
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                <div align="justify">-The Times of India<br /><br />The UPA-1's Rs 52,000 crore farm loan waiver scheme is turning out to be a big financial scandal. Out of 1 lakh farm loan waiver accounts audited in 700 bank branches across the country &mdash; involving disbursement of Rs 500 crore &mdash; about 30% of the waiver amount was allegedly found to have been siphoned off by a nexus of bank managers and microfinance institutions (MFIs).<br /><br />A comptroller and auditor general (CAG) inquiry into nearly 1 lakh accounts revealed that more than Rs 150 crore was paid to half a dozen MFIs. These MFIs have provided no relevant records to the banks if the benefits have actually gone to deserving farmers. The auditor has also raised objection to the payouts made to MFIs as it was against the mandate of the scheme, which was meant for small and marginal farmers. The disbursement was to be made directly by the banks to eligible farmers.<br /><br />TOI had reported on January 17 that the RBI had asked all banks responsible for implementation of the waiver scheme to register FIRs against bank officials and MFIs who fraudulently drew part of the benefit meant only for individual farmers.<br /><br />As per the direction of the finance ministry and the RBI, banks have started recovery of such fraudulent payments, starting with the accounts that have been scrutinized by the CAG. The government may consider enlarging the scope of the audit, given that the CAG has pointed out irregularities in more than 25% of the accounts.<br /><br />The opposition BJP and Left have demanded that the CAG report on farm loan waiver be tabled in the Budget session of Parliament and sought investigation of all disbursements under the scheme.<br /><br />The scrutiny was part of CAG's performance audit on the farm loan waiver scheme of 2008-09. Sources said close to half a dozen MFIs have been caught in the act of colluding with senior bank officials to claim part of the disbursement . When bank officials were asked to produce documents against which they gave money to MFIs, no authentic accounts were produced .<br /><br />As per government records, loans of more than 3.2 crore farmers were waived till 2008-09, thus making them eligible for avail fresh agricultural loans. This would have also helped the banks de-clog their credit disbursement system.<br /><br />Though the full waiver of loans was meant for farmers possessing less than two hectares of land, the report revealed that the beneficiaries of the scheme constituted many big farmers with large land holdings. Many of the bank branches have been accused of overlooking deserving farmers having accounts in their bank who were denied benefits of the scheme.<br /><br />After a directive from the finance ministry, the RBI issued a notice to chairmen and CEOs of government banks to register FIRs against bank officials who tampered with records. The directive also asked these banks to complete the recovery of such fraudulent disbursements within a month.</div>               </font>
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-The Times of India<br />
<br />
The UPA-1's Rs 52,000 crore farm loan waiver scheme is turning out to be a big financial scandal. Out of 1 lakh farm loan waiver accounts audited in 700 bank branches across the country &mdash; involving disbursement of Rs 500 crore &mdash; about 30% of the waiver amount was allegedly found to have been siphoned off by a nexus of bank managers and microfinance institutions (MFIs).<br />
<br />
A comptroller and auditor general (CAG) inquiry into nearly 1 lakh accounts revealed that more than Rs 150 crore was paid to half a dozen MFIs. These MFIs have provided no relevant records to the banks if the benefits have actually gone to deserving farmers. The auditor has also raised objection to the payouts made to MFIs as it was against the mandate of the scheme, which was meant for small and marginal farmers. The disbursement was to be made directly by the banks to eligible farmers.<br />
<br />
TOI had reported on January 17 that the RBI had asked all banks responsible for implementation of the waiver scheme to register FIRs against bank officials and MFIs who fraudulently drew part of the benefit meant only for individual farmers.<br />
<br />
As per the direction of the finance ministry and the RBI, banks have started recovery of such fraudulent payments, starting with the accounts that have been scrutinized by the CAG. The government may consider enlarging the scope of the audit, given that the CAG has pointed out irregularities in more than 25% of the accounts.<br />
<br />
The opposition BJP and Left have demanded that the CAG report on farm loan waiver be tabled in the Budget session of Parliament and sought investigation of all disbursements under the scheme.<br />
<br />
The scrutiny was part of CAG's performance audit on the farm loan waiver scheme of 2008-09. Sources said close to half a dozen MFIs have been caught in the act of colluding with senior bank officials to claim part of the disbursement . When bank officials were asked to produce documents against which they gave money to MFIs, no authentic accounts were produced .<br />
<br />
As per government records, loans of more than 3.2 crore farmers were waived till 2008-09, thus making them eligible for avail fresh agricultural loans. This would have also helped the banks de-clog their credit disbursement system.<br />
<br />
Though the full waiver of loans was meant for farmers possessing less than two hectares of land, the report revealed that the beneficiaries of the scheme constituted many big farmers with large land holdings. Many of the bank branches have been accused of overlooking deserving farmers having accounts in their bank who were denied benefits of the scheme.<br />
<br />
After a directive from the finance ministry, the RBI issued a notice to chairmen and CEOs of government banks to register FIRs against bank officials who tampered with records. The directive also asked these banks to complete the recovery of such fraudulent disbursements within a month.
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The UPA-1's Rs 52,000 crore farm loan waiver scheme is turning out to be a big financial scandal. Out of 1 lakh farm loan waiver accounts audited in 700 bank branches across the country &mdash; involving disbursement...',
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-The Times of India<br />
<br />
The UPA-1's Rs 52,000 crore farm loan waiver scheme is turning out to be a big financial scandal. Out of 1 lakh farm loan waiver accounts audited in 700 bank branches across the country &mdash; involving disbursement of Rs 500 crore &mdash; about 30% of the waiver amount was allegedly found to have been siphoned off by a nexus of bank managers and microfinance institutions (MFIs).<br />
<br />
A comptroller and auditor general (CAG) inquiry into nearly 1 lakh accounts revealed that more than Rs 150 crore was paid to half a dozen MFIs. These MFIs have provided no relevant records to the banks if the benefits have actually gone to deserving farmers. The auditor has also raised objection to the payouts made to MFIs as it was against the mandate of the scheme, which was meant for small and marginal farmers. The disbursement was to be made directly by the banks to eligible farmers.<br />
<br />
TOI had reported on January 17 that the RBI had asked all banks responsible for implementation of the waiver scheme to register FIRs against bank officials and MFIs who fraudulently drew part of the benefit meant only for individual farmers.<br />
<br />
As per the direction of the finance ministry and the RBI, banks have started recovery of such fraudulent payments, starting with the accounts that have been scrutinized by the CAG. The government may consider enlarging the scope of the audit, given that the CAG has pointed out irregularities in more than 25% of the accounts.<br />
<br />
The opposition BJP and Left have demanded that the CAG report on farm loan waiver be tabled in the Budget session of Parliament and sought investigation of all disbursements under the scheme.<br />
<br />
The scrutiny was part of CAG's performance audit on the farm loan waiver scheme of 2008-09. Sources said close to half a dozen MFIs have been caught in the act of colluding with senior bank officials to claim part of the disbursement . When bank officials were asked to produce documents against which they gave money to MFIs, no authentic accounts were produced .<br />
<br />
As per government records, loans of more than 3.2 crore farmers were waived till 2008-09, thus making them eligible for avail fresh agricultural loans. This would have also helped the banks de-clog their credit disbursement system.<br />
<br />
Though the full waiver of loans was meant for farmers possessing less than two hectares of land, the report revealed that the beneficiaries of the scheme constituted many big farmers with large land holdings. Many of the bank branches have been accused of overlooking deserving farmers having accounts in their bank who were denied benefits of the scheme.<br />
<br />
After a directive from the finance ministry, the RBI issued a notice to chairmen and CEOs of government banks to register FIRs against bank officials who tampered with records. The directive also asked these banks to complete the recovery of such fraudulent disbursements within a month.
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$metaTitle = 'LATEST NEWS UPDATES | Bank officials, microfinance institutions cornered benefits of farm loan waiver: CAG report -Pradeep Thakur'
$metaKeywords = 'Farmers' Suicide,agrarian crisis,rural distress,Agriculture,Microfinance,Comptroller and Auditor-General,CAG'
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-The Times of India

The UPA-1's Rs 52,000 crore farm loan waiver scheme is turning out to be a big financial scandal. Out of 1 lakh farm loan waiver accounts audited in 700 bank branches across the country &mdash; involving disbursement...'
$disp = '<div align="justify">-The Times of India<br /><br />The UPA-1's Rs 52,000 crore farm loan waiver scheme is turning out to be a big financial scandal. Out of 1 lakh farm loan waiver accounts audited in 700 bank branches across the country &mdash; involving disbursement of Rs 500 crore &mdash; about 30% of the waiver amount was allegedly found to have been siphoned off by a nexus of bank managers and microfinance institutions (MFIs).<br /><br />A comptroller and auditor general (CAG) inquiry into nearly 1 lakh accounts revealed that more than Rs 150 crore was paid to half a dozen MFIs. These MFIs have provided no relevant records to the banks if the benefits have actually gone to deserving farmers. The auditor has also raised objection to the payouts made to MFIs as it was against the mandate of the scheme, which was meant for small and marginal farmers. The disbursement was to be made directly by the banks to eligible farmers.<br /><br />TOI had reported on January 17 that the RBI had asked all banks responsible for implementation of the waiver scheme to register FIRs against bank officials and MFIs who fraudulently drew part of the benefit meant only for individual farmers.<br /><br />As per the direction of the finance ministry and the RBI, banks have started recovery of such fraudulent payments, starting with the accounts that have been scrutinized by the CAG. The government may consider enlarging the scope of the audit, given that the CAG has pointed out irregularities in more than 25% of the accounts.<br /><br />The opposition BJP and Left have demanded that the CAG report on farm loan waiver be tabled in the Budget session of Parliament and sought investigation of all disbursements under the scheme.<br /><br />The scrutiny was part of CAG's performance audit on the farm loan waiver scheme of 2008-09. Sources said close to half a dozen MFIs have been caught in the act of colluding with senior bank officials to claim part of the disbursement . When bank officials were asked to produce documents against which they gave money to MFIs, no authentic accounts were produced .<br /><br />As per government records, loans of more than 3.2 crore farmers were waived till 2008-09, thus making them eligible for avail fresh agricultural loans. This would have also helped the banks de-clog their credit disbursement system.<br /><br />Though the full waiver of loans was meant for farmers possessing less than two hectares of land, the report revealed that the beneficiaries of the scheme constituted many big farmers with large land holdings. Many of the bank branches have been accused of overlooking deserving farmers having accounts in their bank who were denied benefits of the scheme.<br /><br />After a directive from the finance ministry, the RBI issued a notice to chairmen and CEOs of government banks to register FIRs against bank officials who tampered with records. The directive also asked these banks to complete the recovery of such fraudulent disbursements within a month.</div>'
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Bank officials, microfinance institutions cornered benefits of farm loan waiver: CAG report -Pradeep Thakur

-The Times of India The UPA-1's Rs 52,000 crore farm loan waiver scheme is turning out to be a big financial scandal. Out of 1 lakh farm loan waiver accounts audited in 700 bank branches across the country — involving disbursement of Rs 500 crore — about 30% of the waiver amount was allegedly found to have been siphoned off by a nexus of bank managers and microfinance institutions (MFIs). A comptroller and auditor general (CAG) inquiry into nearly 1 lakh accounts revealed that more than Rs 150 crore was paid to half a dozen MFIs. These MFIs have provided no relevant records to the banks if the benefits have actually gone to deserving farmers. The auditor has also raised objection to the payouts made to MFIs as it was against the mandate of the scheme, which was meant for small and marginal farmers. The disbursement was to be made directly by the banks to eligible farmers. TOI had reported on January 17 that the RBI had asked all banks responsible for implementation of the waiver scheme to register FIRs against bank officials and MFIs who fraudulently drew part of the benefit meant only for individual farmers. As per the direction of the finance ministry and the RBI, banks have started recovery of such fraudulent payments, starting with the accounts that have been scrutinized by the CAG. The government may consider enlarging the scope of the audit, given that the CAG has pointed out irregularities in more than 25% of the accounts. The opposition BJP and Left have demanded that the CAG report on farm loan waiver be tabled in the Budget session of Parliament and sought investigation of all disbursements under the scheme. The scrutiny was part of CAG's performance audit on the farm loan waiver scheme of 2008-09. Sources said close to half a dozen MFIs have been caught in the act of colluding with senior bank officials to claim part of the disbursement . When bank officials were asked to produce documents against which they gave money to MFIs, no authentic accounts were produced . As per government records, loans of more than 3.2 crore farmers were waived till 2008-09, thus making them eligible for avail fresh agricultural loans. This would have also helped the banks de-clog their credit disbursement system. Though the full waiver of loans was meant for farmers possessing less than two hectares of land, the report revealed that the beneficiaries of the scheme constituted many big farmers with large land holdings. Many of the bank branches have been accused of overlooking deserving farmers having accounts in their bank who were denied benefits of the scheme. After a directive from the finance ministry, the RBI issued a notice to chairmen and CEOs of government banks to register FIRs against bank officials who tampered with records. The directive also asked these banks to complete the recovery of such fraudulent disbursements within a month.