Odisha News, Odisha Latest news, Odisha Daily - OrissaPOST
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
No Result
View All Result
OrissaPOST - Odisha Latest news, English Daily -
No Result
View All Result

Banker-broker nexus: Funds meant for SHGs misappropriated

Updated: January 16th, 2018, 22:24 IST
in Uncategorized
0
Share on FacebookShare on TwitterShare on WhatsAppShare on Linkedin

Malkangiri: Even as the Centre and the state float several schemes to make women, especially those in remote regions, self-reliant through self-help groups (SHGs), these institutions are often misused for misappropriation of government funds, according to a report.

One such case recently surfaced in Mauliguda village under Sadar block where funds granted to Jay Hanuman Swyam Sahayak Gosthi, an SHG, were siphoned off by brokers and bank officials.

Also Read

Ultrasound, kidney stones

Want healthy kidneys for life? Follow these five simple habits

44 minutes ago

Vishwesh Negi appointed India’s next envoy to Iran

1 hour ago

“Initially we were reluctant to take loan from the bank, but had to give in as some bank officers lured us promising economic prosperity. Now, we came to know that the officials had taken advantage of our innocence and left us in the lurch,” said some members of the SHG.

According to reports, the bank authorities and some middlemen convinced the women to start goat rearing after taking a loan from the bank under the government’s Swarnajayanti Gram Swarozgar Yojana (SGSY). Following the advice of the officials, the women formed the SHG in 2010 and opened an account in Padmagiri branch of Utkal Gramya Bank.

The members were more than excited when Rs 55,080 was credited to their account December 11, 2011. They constructed a goat shed with the money.

Hari Hantala, the peon of the bank, had taken the thumb impressions of the SHG members in 2012 after handing them Rs 50,000 in two installments. At that time he had collected the bank passbook and other related documents from the members. However, Hantala didn’t return the passbook to the SHG.

The women were shocked when the passbook was returned to them in September 27, 2013. The transactions in the passbook reflected that more money was deposited in the account of the group and also withdrawn.

It was also learnt that the bank sanctioned loan worth Rs 3, 57,500 to the group May 18, 2015 and also served a notice on them for failing to repay Rs 1, 84,700. The SHG had no connection with these transactions, its secretary Ratna Kirsani and other members said and lodged a complaint with the collector and MLA over the issue.

Based on the complaint, MLA Manas Madkami sent a letter to the bank manager concerned asking him to take appropriate measures in this direction.

Apart from Mauliguda, the SHGs of Mariapali, Bailapari, Chandanguda, Dumaguda and Batiguda villages were also duped in a similar fashion, it was learnt. A few groups are learnt to have lodged FIRs with Malkangiri police.

Ghost loans to the tune of over Rs 50 lakh have been sanctioned in the name of SHGs of the block, it was alleged.

While the administration is yet to take action in this regard, bank manager Sanjit Kumar Sikdar, who recently took charge, said he would take action after going through the documents.   PNN

ShareTweetSendShare
Suggest A Correction

Enter your email to get our daily news in your inbox.

 

Mettle Meet 2026
OrissaPOST epaper Sunday POST OrissaPOST epaper

Click Here: Plastic Free Odisha

#MyPaperBagChallenge

Pragyan Priyambada

December 12, 2019
#MyPaperBagChallenge

Adyasha Priyadarsani Sendha

December 12, 2019
#MyPaperBagChallenge

Faiza Firdous

December 12, 2019
#MyPaperBagChallenge

Ankita Balabantray

December 12, 2019
#MyPaperBagChallenge

Mandakini Dakua

December 12, 2019
#MyPaperBagChallenge

Ipsita

December 12, 2019
#MyPaperBagChallenge

Nishikant Rout

December 12, 2019
#MyPaperBagChallenge

D Rama Rao

December 12, 2019
#MyPaperBagChallenge

Surya Sidhant Rath

December 12, 2019
#MyPaperBagChallenge

Subhajyoti Mohanty

December 12, 2019
#MyPaperBagChallenge

Priyabrata Mohanty

December 12, 2019
#MyPaperBagChallenge

Saishree Satyarupa

December 12, 2019
#MyPaperBagChallenge

Amritansh Mishra

December 12, 2019
#MyPaperBagChallenge

Sitakanta Mohanty

December 12, 2019
#MyPaperBagChallenge

Archana Parida

December 12, 2019
#MyPaperBagChallenge

Ramakanta Sahoo

December 12, 2019
#MyPaperBagChallenge

Sarmistha Nayak

December 12, 2019
#MyPaperBagChallenge

Swarit Praharaj

December 12, 2019
#MyPaperBagChallenge

Arya Ayushman

December 12, 2019
#MyPaperBagChallenge

Ramakanta Sahoo

December 12, 2019
#MyPaperBagChallenge

Sipra Mishra

December 12, 2019
#MyPaperBagChallenge

Aishwarya Ranjan Mohanty

December 12, 2019
#MyPaperBagChallenge

Vandana Singh

December 12, 2019
#MyPaperBagChallenge

Chinmay Kumar Routray

December 12, 2019
#MyPaperBagChallenge

Shreyanshu Bal

December 12, 2019
#MyPaperBagChallenge

Archit Mohapatra

December 12, 2019
#MyPaperBagChallenge

Priyasha Pradhan

December 12, 2019
#MyPaperBagChallenge

Akriti Negi

December 12, 2019
#MyPaperBagChallenge

Narendra Kumar

December 12, 2019
#MyPaperBagChallenge

Sarfraz Ahmad

December 12, 2019

Archives

Editorial

Desperate Measures

Indian currency
August 3, 2026

The Reserve Bank of India (RBI) selling about $7 billion in a single trading session to arrest the rupee’s slide...

Read moreDetails

Selling Global Dreams

Aakar Patel
August 2, 2026

By Aakar Patel Mother of Democracy is standing for a non-permanent elected seat at the United Nations Security Council. Non-permanent...

Read moreDetails

A Systems Fix

Dilip Cherian
August 1, 2026

Dilip Cherian Governments, especially those with strong political instincts, usually respond to crises with tougher laws, tighter enforcement and louder...

Read moreDetails

More Campaigns

July 29, 2026

A debate is spreading across India. The Cockroach students movement recently succeeded within a few days at forcing change that...

Read moreDetails
  • Home
  • State
  • Metro
  • National
  • International
  • Business
  • Editorial
  • Opinion
  • Sports
  • About Us
  • Advertise
  • Contact Us
  • Jobs
Developed By Ratna Technology

© 2025 All rights Reserved by OrissaPOST

  • News in Odia
  • Orissa POST Epaper
  • Video
  • Home
  • Trending
  • Metro
  • State
  • Odisha Special
  • National
  • International
  • Sports
  • Business
  • Editorial
  • Entertainment
  • Horoscope
  • Careers
  • Feature
  • Today’s Pic
  • Opinion
  • Sci-Tech
  • About Us
  • Contact Us
  • Jobs

© 2025 All rights Reserved by OrissaPOST

    • News in Odia
    • Orissa POST Epaper
    • Video
    • Home
    • Trending
    • Metro
    • State
    • Odisha Special
    • National
    • International
    • Sports
    • Business
    • Editorial
    • Entertainment
    • Horoscope
    • Careers
    • Feature
    • Today’s Pic
    • Opinion
    • Sci-Tech
    • About Us
    • Contact Us
    • Jobs

    © 2025 All rights Reserved by OrissaPOST