Loan disruptions severely hurt TN: minister



Violations in the implementation of the crop loan waiver scheme during the rule of the AIADMK resulted in a loss of at least Rs 516 crore to the state government, Minister of Cooperation I. Periasami told the Assembly on Wednesday.

AIADMK MLA and former Minister of Cooperation K. Raju (West Madurai) said the government can take action against the perpetrators of violations. Mr. Periasami said there have been several reported cases of violations, especially in the Salem and Namakkal districts. “It appears that the recipients of the aid knew the government was going to announce a waiver scheme.”

Asking opposition leader Edappadi K. Palaniswami not to take offense at his remarks, Mr. Periasami said that although the cooperative banks were computerized during DMK’s rule, loans paid by farmers were not deposited in banks at the end of business hours when AIADMK was at authorities.

“There were no receipts in computers. Why do you need these computers? To be offered pujas, ”he asked during the debate on the grant request for the Department of Cooperation.

In listing the violations, Mr. Periasami said that six primary agricultural cooperative credit societies in the Erode region and 12 in the Salem region have provided loans in excess of any reasonable limit. “The loans were issued about five times the norm.” He said that he has a list of beneficiaries and is ready to hand it over to Mr. Palaniswamy.

He pointed out that loans were also given to barren land and to farmers for some other crops, while their adangal indicated that they were growing a different crop. (Adangal is an income statement that contains detailed information about the land, such as owner, area, valuation, water, type of irrigation, type of soil, nature of commitment, lease, and crops grown.)

Mr. Raju tried to clarify that the Registrar of Cooperative Societies has issued a list of guidelines for implementing the scheme.


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