Wednesday, August 28, 2013

Rs. 230-crore irregularities found in loan waiver scheme: Chidambaram

......He said errors of exclusion and inclusion were natural in a scheme that involved 3.73 crore beneficiary accounts spread over one lakh bank branches through which Rs. 52,259-crore debts were waived. While enquiries by the RBI and Nabard were under way, so far they had detected irregularities in respect of 3,36,156 accounts involving Rs, 230 crore. The probe was taken up in the light of the CAG report exposing irregularities in waiving debt...........

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