Debt waiver: Fin Min yet to make recovery from ineligibles

A Parliamentary Panel on Monday said it is “perturbed” with the Finance Ministry over its delay in recovering the money given to ineligible persons under the Rs 68,376 crore farm debt waiver scheme in 2008. “...committee are perturbed to find that while the recovery process was itself initiated on January 11, 2013 after the lapse of three years since the closing of the scheme and that too after being pointed out by the Audit, full amount has since not been recovered in several cases,” Public Account Committee said in a report tabled in Parliament. These remarks are based on the Action Taken Report furnished by the Department of Financial Services, Ministry of Finance. Government had announced the ADWDRS for farmers in February 2008 to provide them relief by declogging the line of credit to catalyse flow of credit to the sector and enhance farm production and productivity.