This is an article in the latest India Today, which must open the eyes of RBI/NABARD/Govt and indeed all stake-holders and address the problem before our banker collegues get into deeper problems.
- K C Shashidhar, CGM, NABARD, Mumbai
……….."Banks are given a target figure for granting Kisan Credit Cards (KCC) as soft loan to farmers. This is a priority area, and though targets are seldom achieved, managers feel the threat of transfer or other tough action if they don't achieve at least 50 per cent of the goal. Unscrupulous intermediaries use these circumstances to their benefit, arrange loan seekers and bag a 'cut' in the process. The trouble begins when the go-betweens get greedy, and produce people with fake identity and land-ownership papers, and then put pressure on us for loans. More often than not, we bow to their wishes. After all, they are goons, and the state government doesn't give us any security," explains a manager of a branch in rural Patna………..
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