- Bribe Fighter
- 4 years ago
- 1924 views
PMEGP Loan Scams by banks in kolhapur
Bank Of Baroda, Tarabai Park, Kolhapur has sanctioned two fake business loans under the central government's PMEGP loan scheme. They have sanctioned loans of amount 25 lac and 50 lac to uneducated and inexperienced persons. both these loan applicants have no previous record of business or experience in that field. Both units only exist on paper. Both units have no current account in this branch. Both loan proposals are related to the loan recovery agent of this bank. The loan manager and branch manager have sanctioned these loans in exchange for recovering outstanding loans for this branch.
Similarly, Syndicate bank. Morewadi Branch Kolhapur has sanctioned 3-4 fake business loan under this scheme. The loan amount of these proposals is between 10-15 lac. these units are also available on paper. these loan proposals are submitted by the same recovery agent. This bank has sanctioned these loans in exchange for recovering outstanding loans for this bank.