Daijiworld Media Network - Bengaluru (MS)

Bengaluru, Aug 14: There are 6,000 benami accounts in the cooperative banks of the state of Karnataka and an amount of Rs 50 crore is stacked in them. This information was given by Bandeppa Kashempur, minister for co-operation at a press conference.

The minister said that as the co-operation department made Aadhar card nomination compulsory for all the accounts in co-operative banks, the reality of these benami accounts came to light.

"An incident of a secretary of the co-operative organization of Mandya getting Rs 2.30 lac loan in the name of a deceased elderly person. After a complaint was filed by the grandson of the deceased, the issue was unearthed. A number of such incidents have taken place," said the minister, expressing his concern.

I have also received complaints about the voluntary organizations, who take financial aid from the National Bank for Agriculture & Rural Development (NABARD), lending the same for higher interest rates in the name of microfinance. The government has intended to call a meeting of the chief of such organizations and discuss this issue.