Loan waiver irregularities caused major loss to T.N.: Minister
The Hindu
Exchequer lost ₹516 crore: Periasamy
Irregularities in the implementation of the crop loan waiver scheme during the AIADMK government has resulted in a loss of at least ₹516 crore to the State government, Minister for Cooperation I. Periasamy informed the Assembly on Wednesday. AIADMK MLA and former Minister for Cooperation K. Raju (Madurai West) said the government could act against those responsible for the irregularities. Mr. Periasamy said several cases of irregularities had been reported, especially in Salem and Namakkal districts. “It looks as if the beneficiaries had known that the government was about to announce a waiver scheme.” Requesting Leader of the Opposition Edappadi K. Palaniswami not to take offence at his remarks, Mr. Periasamy said that though the cooperative banks were computerised during the DMK government, the loans repaid by farmers were not deposited in banks at the end of the day when the AIADMK was in power.
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