Hyderabad: A recent letter from State Level Bankers Committee (SLBC) convenor, C. Doraswamy, to the state government proves that farmers took loans in the name of agriculture and used it for other purposes. Mr Doraswamy, in his letter had stated that the farmers were not repaying the loans they had taken for purposes other then agriculture activities.
The officials also noticed some irregularities in the farm loans. In a bank in Prakasam district, 80 per cent of agriculture loans were found to be bogus. And in Kurnool district, a single family had taken Rs 4 crore from one bank in the name of agriculture.
A member of the P. Kotaiah Committee said that after Mr Chandrababu Naidu’s announcement on waiver of farm loans, farmers had taken loans unrestrainedly though the agricultural activities were over.
The government feels that there will be many bogus accounts in the name of agriculture. To weed out the bogus farm loans, the government has decided to link the farm loans with Aadhaar cards. Acting on the government’s request, the leading bank in the state, Andhra Bank, has sent circulars to all its branches to collect Aadhaar card details.
