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: 150
 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
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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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: 151
 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::index() - APP/Controller/ArtileDetailController.php, line 151
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 97
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')) {

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        LATEST NEWS UPDATES | Give details of bribery in loan waiver scheme, banks told    </title>
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THE government has directed public sector banks to provide data on corruption charges against bank officials involved in the agricultural loan waiver scheme after complaints that many of them took bribes for processing applications. 


The finance ministry wants to put..."/>
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THE government has directed public sector banks to provide data on corruption charges against bank officials involved in the agricultural loan waiver scheme after complaints that many of them took bribes for processing applications. 


The finance ministry wants to put..." />
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                            <p align="justify"><font ></font></p><p align="justify"><br /><font >THE government has directed public sector banks to provide data on corruption charges against bank officials involved in the agricultural loan waiver scheme after complaints that many of them took bribes for processing applications. </font></p><p align="justify"><font >The finance ministry wants to put such cases on fast track as the performance audit of the scheme has already been initiated by the comptroller and auditor general of India (CAG), the government&rsquo;s statutory auditor. The Rs 65,000-crore agriculture debt waiver and debt relief scheme is expected to benefit 3,68,00,000 farmers. </font></p><p align="justify"><font >&ldquo;Nabard is investigating these complaints and one bank official has been suspended so far,&rdquo; a finance ministry official said, adding that no complaints have been received by the RBI so far. </font></p><p align="justify"><font >RBI and Nabard are the nodal agencies for implementation of the waiver scheme. So far, 10 complaints have been filed, of which five were found to be baseless, said the official who asked not to be named. </font></p><p align="justify"><font >Bankers say such cases are rare and most farmers have already been provided with the benefit. Public sector banks had to offer an additional rebate of up to 25% to improve recovery of their farm loans. </font></p><p align="justify"><font >&ldquo;In some cases, bank officials came under pressure from local politicians to provide the benefits to big farmers, who were not eligible,&rdquo; said a senior official with Punjab National Bank. This view was echoed by officials of other public sector banks who said they received complaints from their staff on undue harassment. </font></p><p align="justify"><font >The scheme was among the pet schemes of the UPA government in its first tenure. It was announced in 2008 after a spate of farmer suicides across the country created a huge outcry. Small and marginal farmers holding land up to two hectares were entitled for complete waiver of loans, while farmers holding more land than were eligible for a one-time settlement relief of 25%. </font></p><p align="justify"><font >&ldquo;We have already forwarded the complaints to head offices of banks, who have been directed to take action within 30 working days,&rdquo; the finance ministry official said. Banks have to appoint a grievance redressal officer in each state as the final authority of such cases. </font></p><p align="justify"><font >The farm credit target for banks this fiscal is Rs 3,25,000 crore, of which Rs 1,85,000 crore will be short-term credit. In 2009-10, around 482 lakh farmers have been financed with a total disbursement of Rs 3,66,919 crore, according to finance ministry data.</font></p><p align="justify"><font ></font></p>                                                           
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    <br><a href="http://economictimes.indiatimes.com/news/economy/policy/Give-details-of-bribery-in-loan-waiver-scheme-banks-told/articleshow/6550444.cms" class="re" target="_blank">The Economic Times, 14 September, 2010, http://economictimes.indiatimes.com/news/economy/policy/Give-details-of-bribery-in-loan-waiver-scheme-banks-told/articleshow/6550444.cms</a><div class="clear"></div>
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THE government has directed public sector banks to provide data on corruption charges against bank officials involved in the agricultural loan waiver scheme after complaints that many of them took bribes for processing applications. 


The finance ministry wants to put..."/>
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THE government has directed public sector banks to provide data on corruption charges against bank officials involved in the agricultural loan waiver scheme after complaints that many of them took bribes for processing applications. 


The finance ministry wants to put..." />
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    <h1 class="cat-box-title">Give details of bribery in loan waiver scheme, banks told</h1>
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                            <p align="justify"><font ></font></p><p align="justify"><br /><font >THE government has directed public sector banks to provide data on corruption charges against bank officials involved in the agricultural loan waiver scheme after complaints that many of them took bribes for processing applications. </font></p><p align="justify"><font >The finance ministry wants to put such cases on fast track as the performance audit of the scheme has already been initiated by the comptroller and auditor general of India (CAG), the government&rsquo;s statutory auditor. The Rs 65,000-crore agriculture debt waiver and debt relief scheme is expected to benefit 3,68,00,000 farmers. </font></p><p align="justify"><font >&ldquo;Nabard is investigating these complaints and one bank official has been suspended so far,&rdquo; a finance ministry official said, adding that no complaints have been received by the RBI so far. </font></p><p align="justify"><font >RBI and Nabard are the nodal agencies for implementation of the waiver scheme. So far, 10 complaints have been filed, of which five were found to be baseless, said the official who asked not to be named. </font></p><p align="justify"><font >Bankers say such cases are rare and most farmers have already been provided with the benefit. Public sector banks had to offer an additional rebate of up to 25% to improve recovery of their farm loans. </font></p><p align="justify"><font >&ldquo;In some cases, bank officials came under pressure from local politicians to provide the benefits to big farmers, who were not eligible,&rdquo; said a senior official with Punjab National Bank. This view was echoed by officials of other public sector banks who said they received complaints from their staff on undue harassment. </font></p><p align="justify"><font >The scheme was among the pet schemes of the UPA government in its first tenure. It was announced in 2008 after a spate of farmer suicides across the country created a huge outcry. Small and marginal farmers holding land up to two hectares were entitled for complete waiver of loans, while farmers holding more land than were eligible for a one-time settlement relief of 25%. </font></p><p align="justify"><font >&ldquo;We have already forwarded the complaints to head offices of banks, who have been directed to take action within 30 working days,&rdquo; the finance ministry official said. Banks have to appoint a grievance redressal officer in each state as the final authority of such cases. </font></p><p align="justify"><font >The farm credit target for banks this fiscal is Rs 3,25,000 crore, of which Rs 1,85,000 crore will be short-term credit. In 2009-10, around 482 lakh farmers have been financed with a total disbursement of Rs 3,66,919 crore, according to finance ministry data.</font></p><p align="justify"><font ></font></p>                                                           
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    <br><a href="http://economictimes.indiatimes.com/news/economy/policy/Give-details-of-bribery-in-loan-waiver-scheme-banks-told/articleshow/6550444.cms" class="re" target="_blank">The Economic Times, 14 September, 2010, http://economictimes.indiatimes.com/news/economy/policy/Give-details-of-bribery-in-loan-waiver-scheme-banks-told/articleshow/6550444.cms</a><div class="clear"></div>
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        LATEST NEWS UPDATES | Give details of bribery in loan waiver scheme, banks told    </title>
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THE government has directed public sector banks to provide data on corruption charges against bank officials involved in the agricultural loan waiver scheme after complaints that many of them took bribes for processing applications. 


The finance ministry wants to put..."/>
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THE government has directed public sector banks to provide data on corruption charges against bank officials involved in the agricultural loan waiver scheme after complaints that many of them took bribes for processing applications. 


The finance ministry wants to put..." />
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    <h1 class="cat-box-title">Give details of bribery in loan waiver scheme, banks told</h1>
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                            <p align="justify"><font ></font></p><p align="justify"><br /><font >THE government has directed public sector banks to provide data on corruption charges against bank officials involved in the agricultural loan waiver scheme after complaints that many of them took bribes for processing applications. </font></p><p align="justify"><font >The finance ministry wants to put such cases on fast track as the performance audit of the scheme has already been initiated by the comptroller and auditor general of India (CAG), the government&rsquo;s statutory auditor. The Rs 65,000-crore agriculture debt waiver and debt relief scheme is expected to benefit 3,68,00,000 farmers. </font></p><p align="justify"><font >&ldquo;Nabard is investigating these complaints and one bank official has been suspended so far,&rdquo; a finance ministry official said, adding that no complaints have been received by the RBI so far. </font></p><p align="justify"><font >RBI and Nabard are the nodal agencies for implementation of the waiver scheme. So far, 10 complaints have been filed, of which five were found to be baseless, said the official who asked not to be named. </font></p><p align="justify"><font >Bankers say such cases are rare and most farmers have already been provided with the benefit. Public sector banks had to offer an additional rebate of up to 25% to improve recovery of their farm loans. </font></p><p align="justify"><font >&ldquo;In some cases, bank officials came under pressure from local politicians to provide the benefits to big farmers, who were not eligible,&rdquo; said a senior official with Punjab National Bank. This view was echoed by officials of other public sector banks who said they received complaints from their staff on undue harassment. </font></p><p align="justify"><font >The scheme was among the pet schemes of the UPA government in its first tenure. It was announced in 2008 after a spate of farmer suicides across the country created a huge outcry. Small and marginal farmers holding land up to two hectares were entitled for complete waiver of loans, while farmers holding more land than were eligible for a one-time settlement relief of 25%. </font></p><p align="justify"><font >&ldquo;We have already forwarded the complaints to head offices of banks, who have been directed to take action within 30 working days,&rdquo; the finance ministry official said. Banks have to appoint a grievance redressal officer in each state as the final authority of such cases. </font></p><p align="justify"><font >The farm credit target for banks this fiscal is Rs 3,25,000 crore, of which Rs 1,85,000 crore will be short-term credit. In 2009-10, around 482 lakh farmers have been financed with a total disbursement of Rs 3,66,919 crore, according to finance ministry data.</font></p><p align="justify"><font ></font></p>                                                           
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    <br><a href="http://economictimes.indiatimes.com/news/economy/policy/Give-details-of-bribery-in-loan-waiver-scheme-banks-told/articleshow/6550444.cms" class="re" target="_blank">The Economic Times, 14 September, 2010, http://economictimes.indiatimes.com/news/economy/policy/Give-details-of-bribery-in-loan-waiver-scheme-banks-told/articleshow/6550444.cms</a><div class="clear"></div>
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Home हिन्दी

Give details of bribery in loan waiver scheme, banks told

Published on Sep 14, 2010   Modified on Sep 14, 2010

THE government has directed public sector banks to provide data on corruption charges against bank officials involved in the agricultural loan waiver scheme after complaints that many of them took bribes for processing applications. The finance ministry wants to put such cases on fast track as the performance audit of the scheme has already been initiated by the comptroller and auditor general of India (CAG), the government’s statutory auditor. The Rs 65,000-crore agriculture debt waiver and debt relief scheme is expected to benefit 3,68,00,000 farmers. “Nabard is investigating these complaints and one bank official has been suspended so far,” a finance ministry official said, adding that no complaints have been received by the RBI so far. RBI and Nabard are the nodal agencies for implementation of the waiver scheme. So far, 10 complaints have been filed, of which five were found to be baseless, said the official who asked not to be named. Bankers say such cases are rare and most farmers have already been provided with the benefit. Public sector banks had to offer an additional rebate of up to 25% to improve recovery of their farm loans. “In some cases, bank officials came under pressure from local politicians to provide the benefits to big farmers, who were not eligible,” said a senior official with Punjab National Bank. This view was echoed by officials of other public sector banks who said they received complaints from their staff on undue harassment. The scheme was among the pet schemes of the UPA government in its first tenure. It was announced in 2008 after a spate of farmer suicides across the country created a huge outcry. Small and marginal farmers holding land up to two hectares were entitled for complete waiver of loans, while farmers holding more land than were eligible for a one-time settlement relief of 25%. “We have already forwarded the complaints to head offices of banks, who have been directed to take action within 30 working days,” the finance ministry official said. Banks have to appoint a grievance redressal officer in each state as the final authority of such cases. The farm credit target for banks this fiscal is Rs 3,25,000 crore, of which Rs 1,85,000 crore will be short-term credit. In 2009-10, around 482 lakh farmers have been financed with a total disbursement of Rs 3,66,919 crore, according to finance ministry data.

The Economic Times, 14 September, 2010, http://economictimes.indiatimes.com/news/economy/policy/Give-details-of-bribery-in-loan-waiver-scheme-banks-told/articleshow/6550444.cms

Tagged with: Agriculture Corruption

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