CAG finds irregularities in farm fund

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New Delhi, Mar 5 : The Comptroller and Auditor General (CAG) report on farm debt waiver scheme, which was tabled in the Parliament on Tuesday, highlighted irregularities in the implementation of the scheme.

The CAG had audited 90,000 farmer accounts and found errors and lapses in 20,000 cases.

The scheme, which is worth Rs 52,000 crore, was announced by the Congress-led United Progressive Alliance (UPA) government in 2008 and had written off debt of above 3.7 crore farmers.

The CAG report stated that lapses were found in 22 percent cases.

More than 8.5 percent accounts were found ineligible, the report said.

The CAG report said 9, 334 accounts were examined in nine states in the country where 1257 accounts were found not eligible for benefits.

Last year, the CAG report on coal allocations had pointed finger at the loss-making coal block allocations when the portfolio was held by Prime Minister Manmohan Singh.

The report by the CAG said 25 private companies received benefits of around Rs 1.86 lakh crore through of coal block allocations in various states.

--IBNS

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