Monday, December 9, 2013

Farm Loan – waiver scheme flawed: CAG finding

The Comptroller and Auditor General (CAG), Vinod Rai has pointed out serious flaws in the implementation of over Rs 52,000 crore farm debt-waiver scheme in a finding that can annoy the UPA government besides raising doubts whether it can continue to reap political dividends from the populist programme which turned out to be the game-changer for the ruling coalition in the 2009 Lok Sabha polls. The finding is contrary to government's repeated claims in Parliament that benefits accrued only to the eligible. Debts of more than 3.7 crore farmers were written off by the government under this scheme that brought windfall gains to the Congress. ++++++++++++++++++++++

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