Minister for Cooperation I Periasamy

Chennai: Minister for Cooperation I Periasamy dropped a bombshell in the Assembly on Wednesday when he said irregularities in the implementation of the crop loan waiver scheme during the AIADMK government has resulted in a loss of at least Rs 516 crore to the State government.

Sources said that the government will launch a detail probe will be launched into this. The government has found that loans were extended to beneficiaries disproportionate to their land holdings and in violation of the norms fixed by a State-level technical committee for disbursing loans.

“Crop loan waiver certificates were issued to 80% of the loanees. It has been found that loans were extended disproportionate to the land holdings of the beneficiary farmers,” the Minister said.

AIADMK MLA and former Minister for Cooperation K Raju (Madurai West) said the government could act against those responsible for the irregularities.


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