“Hundreds of farm widows and distressed debt trapped farmers who were denied the loan waiver will start drum-beating agitation before Yavatmal district lead bank, Central Bank of India, Shibala branch and will continue the agitation till action is not taken against bank officers,” Tiwari said.
In a letter to the chiefs of all scheduled commercial and local area banks on Wednesday, the Reserve Bank of India (RBI) has sought the beneficiaries' lists with verification with priority to areas where indebtedness was high. The RBI has also asked for a list of eligible beneficiaries who were not extended benefits, with reasons for such denials, and action to be taken in all cases where malafide or carelessness appears likely, according to an official statement released last Wednesday.
Ordering the banks to issue debt waiver and debt relief certificates in all eligible cases immediately, the RBI asked them to keep full records of such issuance ready for the inspection. It has also said that the banks must identify the administrative and accounting lapses on the part of the bank officials, internal auditors, statutory officials who were responsible for the verification, certification, or for passing the claims.
The apex bank has also said that cases of extending benefits to ineligible beneficiaries must be dealt with 'on top priority' and full recoveries as per law must be made to ensure no loss to the exchequer. But as defaulters enjoy political protection there is suspicion that whole farm loam waiver scam will be covered as it has happened earlier scams, Tiwari feared.
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