Moneycontrol
HomeNewsBusinessEconomyAt least 10 lakh bank accounts of farmers are fake, says Maharashtra minister
Trending Topics

At least 10 lakh bank accounts of farmers are fake, says Maharashtra minister

Maharashtra Revenue Minister Chandrakant Patil today said at least 10 lakh bank accounts of farmers are fake and will not get any benefit of the loan waiver.

September 13, 2017 / 09:20 IST
Story continues below Advertisement

Maharashtra Revenue Minister Chandrakant Patil has said that at least 10 lakh bank accounts of farmers are fake and will not get any benefit of the loan waiver.

The minister further claimed that most of these accounts were earlier opened by banks or credit societies for siphoning off the loan amount.

Story continues below Advertisement

When asked about the use of software for loan waiver assessment and farmers' application, Patil said, "As per the previous assessment, some 89 lakh farmers were expected to benefit out of the loan waiver scheme.

"Now, we have realised that some 10 lakh bank accounts of farmers are fake, most of them opened by banks or credit societies for siphoning off the loan amount. Now, with this new software, we are able to detect the true farmers who actually have some agricultural land and have availed some loan."