CAG finds lapses in Rs 52000 cr farm debt waiver scheme
PrintListen to this Article
The government will have to explain allegations of malpractices in one of its flagship schemes to waive the debts of farmers across the country, a promise which helped power the coalition's victory in 2009 .
The government's auditor or CAG has said that the 52,000-crore scheme was marked by problems in one of every five cases. 90,000 farmer accounts were audited for the report, which was shared with parliament today.
The scheme to write off the loans of nearly three crore farmers across the country who own less than five acres of land was announced by Prime Minister Manmohan Singh in 2008 and is credited with being one of the major reasons for his government's re-election a year later.
The CAG report said that "farmers who had taken loan for non-agricultural purposes or whose loans did not meet eligibility conditions, were given benefits under the scheme." Other farmers, who qualified for assistance, were overlooked.
13 crores were over-paid to farmers who got benefits in excess of their entitlements, the report said. Another 20 crores was given to farmers who were ineligible for the scheme.
The auditor also reprimanded the Department of Financial Services (DFS) in the Finance Ministry for inadequate monitoring of the multi-crore scheme.
Thousands of farmers were not given a certificate declaring that their debts had been waived, making it tough for them to get new loans they desperately needed.
In recent years, CAG assessments have turned into a nightmare for the government. The auditor said a telecom scam in 2008 cost the country 1.76 lakh crores and another 1.85 lakh crores were lost because there was a lack of transparency in how the government allocated coal fields to private companies. (PTI)
Category : CAG | Comments : 0 | Hits : 575
The Comptroller and Auditor General of India (CAG) has written to the finance ministry seeking details about the ongoing performance audit of government's massive recapitalisation excercise of public sector banks (PSBs). CAG is doing performance audit on recapitalisation of PSBs after 2016-17 and it has written a letter to the Department of Financial Services, Ministry of Finance, seeking various information, including rationale for distribution of capital among different PSBs, sources sa...
Former Lieutenant Governor of Jammu and Kashmir, Girish Chandra Murmu will be the new Comptroller and Auditor General of the country. Mr Murmu will succeed Rajiv Mehrishi. An IAS officer of Gujarat cadre, Mr Murmu resigned as Lieutenant Governor of Jammu and Kashmir on Wednesday. #casansaar (Source - NewsOnAir, Tweet)
Selection of Auditors - Policy of Empanelment of CA Firms explained by CA. Bhawna Dawar. Watch this video. https://youtu.be/bFze1O1CbsQ
The Comptroller and Auditor General of India (CAG) has rapped direct tax authorities for irregularities in assessments of personal income and corporation taxes over the years. In a report on direct taxes for 2018-19 tabled in Parliament on Tuesday, the auditor suggested that the government consider the information technology system for direct taxes being placed at arms length from CBDT, with an independent governmental body or organisation. CAG found irregularities in 340 high-value cases ...
The roll-out of GST has unified the multiple central and state taxes on goods and services to a great extent and made credit for input taxes available through the value chain, but hasn’t simplified the tax compliance regime while the experience so far has also been that of slowdown in tax revenue growth, the Comptroller and Auditor General (CAG) said. “The system of payment and settlement of tax that was envisaged for GST was based on one hundred per cent invoice-matching and availme...
Comments