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“After a complaint was filed by the grandson of a deceased elderly on whose name a secretary of the co-operative organization of Mandya availed Rs 2.30 lac loan, the issue was unearthed. A number of such incidents have taken place,” said the minister.
Mr. Kashempur also said that he had received complaints about voluntary organizations taking financial aid from the National Bank for Agriculture & Rural Development (NABARD) and lending the same for higher interest rates in the name of microfinance. The government will call a meeting of the chief of such organizations and discuss this issue.