PM Mudra Yojana sees instances of fraud in 2,313 accounts in 3 years

Agencies
July 2, 2019

New Delhi, Jul 2: The PM Mudra Yojana, the scheme launched by Prime Minister Narendra Modi in April 2015 for providing loans to non-corporate, non-farm small or micro enterprises, has seen instances of fraud reported in 2,313 accounts in the last three years, parliament was told on Monday.

The number of such accounts have double every year since the inception of the scheme, under which over Rs 19 crore loans have been extended.

In 2016-17 the number of fraud accounts stood at 343, which almost doubled to 643 and in 2017-18 and 1,253 in the 2019-20, Finance Minister Nirmala Sitharaman told the Lok Sabha in a written reply.

Topping the list of most fraud reported account was Tamil Nadu (344), followed by Chandigarh (275), Andhra Pradesh (241) and Uttar Pradesh (213).

Jharkhand, on the contrary, saw just 2 instances of fraud reported.

"As per information compiled from Public Sector Banks (PSBs), instances of alleged frauds reported during the last three years and the current year so far is in 2,313 accounts," she said.

The Ministry also said that investigation has been initiated in all cases to ascertain lapses and fixing of accountability.

"Out of 103 delinquent employees identified, action has been taken on 68 as per extant guidelines," it said.

As reported by member lending institutions, the total Non-Performing Assets (NPAs) as a percentage of credit disbursed has shown a nominal increase from 2.52 per cent (FY18) to 2.68 per cent (FY19 (provisional).

NPAs, under Shishu category, have shown a steady decline from 4.14 per cent in FY 2016-17 to 1.93 per cent in FY 2017-18 and 1.29 per cent (provisional) in FY 2018-19 against the total credit disbursed under the scheme.

Under the Mudra scheme, three products namely 'Shishu', 'Kishore' and 'Tarun' to signify the stage of growth and funding needs were created.

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News Network
January 18,2020

Jammu, Jan 18: Prepaid mobile connections were restored in Jammu and Kashmir on Saturday and 2G services resumed in two districts of the valley after being disconnected on August 5 last year. Voice and SMS facilities were restored for all local prepaid mobile phones across the Union territory.

Rohit Kansal, the principal secretary to the administration of Jammu and Kashmir said the order will come into effect from Saturday.

In order to consider giving mobile Internet connectivity on such SIM cards, the telecom service providers will have to verify the credentials of the subscribers, he said.

Internet service providers have been asked to provide fixed line Internet connectivity in all the 10 districts of Jammu region and two districts, Kupwara and Bandipora, in North Kashmir.

Telecom services were shut in the entire Jammu and Kashmir on August 5 when the Centre abrogated special status to the erstwhile state and also bifurcated it into two Union Territories.

However, the Supreme Court came down heavily on the UT administration last week for arbitrarily shutting down the Internet, the facility described as the fundamental right by the apex court.

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News Network
June 10,2020

Bengaluru, Jun 10: Congress' Rajya Sabha candidate from Karnataka and senior leader Mallikarjun Kharge and his son received threat calls on Sunday, with the latter filing a complaint with the state police chief. Kharge, a former Union Minister, received the call in the wee hours of Sunday on his landline while his son Priyank later got a call from a private number on his mobile phone.

Priyank lodged a complaint with the Director-General of Police Praveen Sood and former MLC Ramesh Babu shared the copy of the complaint on Twitter on Tuesday. In his complaint, Priyank Kharge stated that at about 1.30 am on Sunday, his father received a call on the landline where the caller spoke in Hindi and English and used invective against the Congress veteran.

The caller, according to the complaint, spoke about the Rajya Sabha election and threatened Kharge. Police are looking into the matter. Kharge is the Congress' pick for the June 19 Rajya Sabha election from Karnataka. JD(S) supremo and former Prime Minister Deve Gowda and two BJP candidates have also filed nominations for the election to the upper House.

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Agencies
January 11,2020

London, Jan 11: Former cricketer Sachin Tendulkar's famous lap around the Wankhede Stadium after the World Cup 2011 win has been nominated in Laureas's list for the most inspiring sporting event in the last twenty years.

The moment featuring Tendulkar has been described as "Carried on the shoulders by a nation".

On his sixth attempt at the World Cup and with India not having won the competition since 1983, Tendulkar finally became a part of the team that lifted the coveted trophy. Carried on the shoulders of the Indian team, he made a lap of honour, shedding tears of joy after the victory was sealed in his home city.

The 2011 World Cup was also the first time, in which a host nation ended up winning the trophy.

Apart from Tendulkar, England's Andrew Flintoff is the only other cricketer to feature in the list. In 2005, England managed to defeat Australia in an Ashes Test, but Flintoff chose to first shake hands with Brett Lee rather than celebrate with his side.

Matthias Steiner (weightlifting), Natalie du Toit (swimming), Sky Brown (skateboarding), Alistair and Jonathan Brownlee (triathlon), Xia Boyu (mountaineering) have been nominated in the list.

Female tennis stars also feature in the list for coming up with an equal play, equal pay campaign. After pressure from Venus Williams and others, Wimbledon announced that female tennis players would receive prize money equal to the men's.

German international footballer Miroslav Klose was playing for Lazio in Italy's Serie A in 2012 against Napoli when he rose for a ball in the early moments of the game.

The ball came spiraling off his hand and skirted into the back of the net and a goal was awarded. While most players would carry on as if nothing had happened, Klose was honest with the referee and admitted that he handled the ball.

As a result, he also finds a place on the list.

The Laureus Sporting Moment Award celebrates the moments where the sport has unified people in the most extraordinary way.

This campaign has shortlisted 20 sporting stories from the last 20 years that have left their mark on the world.

The winner will be decided on the basis of public voting. It has already started, and the final date to cast the vote is February 16.

Finally, the result will be declared on February 17.
With three knock-out rounds, the top-20 moments will be whittled down to ten then five, with the top-five moments going head-to-head.

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