.........The chairman said under the scheme, Rs. 5.30 crore was credited to the bank in 2009 and subsequently the amount was credited to 1,390 beneficiaries. “Since then, three audits have been conducted and no one has objected. When the CAG reported loans had been given to ineligible beneficiaries, we remitted an amount of Rs. 1.05 crore in June and Rs. 3.7 crore on July 15 to the Reserve Bank of India. When we have remitted the amount, the question of misuse does not arise,”...............
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