Farm loan scam

It now transpires that there is a huge scam behind the farm loan waiver scheme and also on account of the more recently announced concessional interest rate and interest rate subvention schemes on agricultural loans. The scandal does not pertain to a few unscrupulous individuals nor is it a case of a small section of smart borrowers exploiting loopholes in the system. There is growing evidence to indicate that the scandal is a gigantic one and that the amounts involved are substantial. All of which calls for a detailed inquiry.

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