The goof-ups made by bankers in releasing payments for the paddy stocks procured by Self Help Group (SHG) women at purchase centres reportedly have turned out to be a windfall for many farmers.
The District Manager, Civil Supplies, has a bank account in the main branch of the State Bank of India in the city with fund reserves to facilitate payments to farmers immediately after the procurement of their produce.
'The bank personnel transfer cash from that account to that of the growers through either the real time gross settlement (RTGS) or national electronic fund transfer (NEFT) modes.
However, some personnel from the SBI are said to have withdrawn, by mistake, cash payments twice of the actual price of procured grain from the account of the DM, Civil Supplies and transferred the same in favour of some farmers.
After realizing this, the bank authorities went into a tizzy on how to recover the excess amounts from the farmers’ account. Inquiries revealed that many instances of double payments were reported in different places in the district.
In Pothavaram, an upland village in the district, at least six farmers were said to have got payments of nearly Rs 6 lakh, including the excess of the actual receipts in their accounts. The authorities of Indian Bank at Pothavaram succeeded in recovery of excess payments after receipt of a request from his SBI counterparts.
The personnel the Central Bank of India by then reportedly disbursed payments in favour of two farmers. Alerted with the SBI officials, they kept the payment to one farmer under suspension.
A farmer from Vanguru from Pedavegi mandal volunteered to return the excess amount to a bank in the city. SBI Main Branch Assistant General Manager S.V. Suryanarayana said that he was not aware of the goof-ups, while Vasantakumar, District Manager, Civil Supplies, admitted that such errors had been noticed at one or two places. Efforts were on for the recoveries, he added.
Bank officials, by mistake, have made double payments to some farmers towards paddy procurement
Efforts on for recovery of excess amount from farmers, say Civil Supplies officials
Source: http://www.thehindu.com/todays-paper/tp-national/tp-andhrapradesh/goofups-at-banks-turn-windfall-for-farmers/article6671234.ece
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