NPA files on NewsX: NAFED disbursed loans to 62 companies; 28 companies defaulted on loans
  • 6 years ago
This is part 3 of NewsX NPA investigations on NAFED. In the part 1 and part 2, we exposed how companies’ secured loans they secured from NAFED and till 2015 the outstanding amount stands to a whooping 2800 crore rupees. Today we are going to talk about the rot in the system that completely failed to recover our money which was meant for the farmers of this country. NewsX has accessed incriminating documents from our sources which reveal how only 3 percent of the total outstanding loan amount has been recovered in 8 years which is just a meagre 85 crore rupees. What could be the reason behind this snail's pace; either the lack of political will or our system didn't have a clue where the money was going.
Recommended