This is an archive article published on November 28, 2014
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Farm loan waiver scheme: Telangana villagers defraud banks with forged documents

The officials found that a majority of 249 persons who took loans did not possess any land or owned less than one acre.

Written by: Sreenivas Janyala
3 min readHyderabadNov 28, 2014 01:10 AM IST First published on: Nov 28, 2014 at 01:10 AM IST

While landless farmers are being denied farm loans by banks, hundreds of villagers in Mahbubnagar district of Telangana have defrauded banks by taking loans based on fake passbooks and forged loan eligibility certificates.

During an inspection by Revenue Department officers to identify beneficiaries of the farm loan waiver scheme in Dharoor Mandal, officials found that 249 persons had taken loans from State Bank of India, Gadwal Branch, by furnishing fake documents that made them landowners and thus, eligible for farm loans.

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The officials found that a majority of 249 persons who took loans did not possess any land or owned less than one acre but the documents they produced showed that they owned more than that.

Sreenivas Janyala is a Deputy Associate Editor at The Indian Expr... Read More

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