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Sukhbir seeks JPC probe into UPA Loan Waiver Scheme

Posted on Feb 13, 10:58AM | UNI

Moga, Feb 12 : Shiromani Akali Dal president and Punjab Deputy Chief Minister Sukhbir Singh Badal today demanded a probe by Joint Parliamentary Committee into the UPA's Rs 60,000 crore Loan Waiver Scheme for farmers, citing irregularities found by the CAG.

He said the loan waiver scheme, the biggest misnomer of century, was especially designed to fool the peasantry of the nation besides looting the exchequer. Otherwise Punjab, which contributes over 50 per cent of the foodgrains in the national pool, could get Rs 30,000 crores out of the announced scheme.

Talking to media persons here, Mr Badal said this loan waiver scheme was a political gimmick of the Congress-led UPA on the eve of the 2009 Lok Sabha elections.

He alleged the Congress not only minted money out of this scheme but also came back to power by deceiving farmers with this gesture of unclogging the lines of credit and helping farmers to get new loans.

He said the gravity of this scam could be estimated by the fact that out of around 1 lakh accounts scrutinised in 800 bank branches, there were wrongdoings in as many as 20,000 accounts.

He said as per this scheme, agricultural loans of over 3.5 crore farmers were waived, but according to the CAG, which has audited nearly 90,000 accounts, many farmers did not receive the benefits which pointed to gross irregularities.