Banks making good progress on farm loan waiver scheme

..........The CAG report, tabled in Parliament last month said loans taken by farmers for non—agricultural purposes and others which did not comply with the eligibility norms got benefited from the scheme and blamed bank officials for the mess. Following the disclosure, the Reserve Bank had swung into action and asked banks to rectify the administrative and accounting lapses by verifying each and every account. It had also thrusted the responsibility to do so individually on the heads of the banks..................

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