Maharashtra government has ordered probe into alleged financial mismanagement of all 30 District Central Cooperative, DCC banks during the last 15 years. It has also sought to fix responsibility over the financial losses incurred by them.
At a meeting with Agriculture and Cooperative Secretary in Mumbai, State Revenue Minister Eknath Khadse took stock of the financial position and the amount of crop loans provided to farmers by the DCC banks.
Jalgaon DCC bank, under Mr Khadse’s control, is said to have distributed around 1,400 crore rupees as crop loans to farmers in the last 4 months and the second largest amount disbursed as crop loans by other DCC banks is around 350 crore rupees. Mr Khadse has alleged that government money was used for improper purposes.
Several DCC banks controlled by the NCP misused money meant for salaries of primary and secondary school teachers and have deliberately delayed the recovery of loans. Mahrashtra government is figuring out the amount which probably runs into thousands of crores. He said instructions have been given to prepare a detailed report of all DCC banks as regards amount given to them by the state, the amount disbursed, the amount recovered, etc.
Mr Khadse warned that properties of erring directors would be attached. The state government has already initiated an inquiry against senior NCP leaders like former Deputy Chief Minister Ajit Pawar and Sunil Tatkare in connection with alleged scam in irrigation sector.