Friday, 22 November 2019 »  Login
in
»
I am at

Jagan Gives Cheques To 3.70 Lakh AgriGold Victims

The Andhra Pradesh government is paying Rs 263.9 cores to 3,69,655 AgriGold depositor-victims who had deposits of less than Rs 10,000 with the company.
Hyderabad | 7th November 2019
Andhra Pradesh Chief Minister Y S Jaganmohan Reddy distributed cheques to AgriGold depositors at a public meeting held at the Police Parade Grounds in Guntur on Thursday.

Speaking on the occasion, the Chief Minister said that he had seen the problems being faced by the AgriGold victims during his Praja Sankalpa Yatra.

He pointed out that had then promised to resolve their problems on coming to power, and was now coming through.

"After becoming the Chief Minister, the first decision I took was to make payments to the AgriGold victims, in the very first cabinet meeting," he said. Though the case was pending, he said that the State government decided to make a payment of Rs 263.9 cores to 3,69,655 AgriGold depositor-victims who had deposits of less than Rs 10,000 with the company.

He said that this was the first phase of payments, and that very soon the government would make payments to depositors who had deposits less than Rs 20,000 as the second phase.

Jagan also extended the time frame for AgriGold depositors who had not filed applications for their claims. He said that within 30 days the victims, through the Legal Services Authority, could file applications. They could also file applications through the Collectorates, MROs and Village Secretariats.

For the uninitiated, AgriGold had collected Rs 6,380 crore from 32 lakh depositors from seven States by offering attractive interest rates and land through its network. The company however failed to provide returns or land to the depositors. After realising that they were cheated by the company, the depositors approached the previous TDP government, which did not respond to their satisfaction. The AgriGold victims then organised protests across the State. They also appealed to Jagan who was at that time conducting the Praja Sankalpa Yatra, and he promised to pay them.
filed in:  Andhra Pradesh, Y S Jaganmohan Reddy, Agrigold, Social Welfare
COMMENTS
1 - 1 OF 1 COMMENTS
 |  NEWEST  |  OLDEST  |  MOST HELPFUL  |  LEAST HELPFUL
Tanuja on 8th Nov 2019, 3:33pm | Permalink
what about Karnataka Agrigold victims. How we will get our money. Please advice
LEAVE A COMMENT
fullhyd.com has 700,000+ monthly visits. Tell Hyderabad what you feel about Jagan Gives Cheques To 3.70 Lakh AgriGold Victims!
[no link to your name will appear, overriding global settings]
To preserve integrity, fullhyd.com allows ratings/comments only with a valid email. Your comments will be accepted once you give your email, and will be deleted if the email is not authenticated within 24 hours.
My name:

Dissatisfied with the results? Report a problem or error, or add a listing.
ADVERTISEMENT
SHOUTBOX!
{{todo.name}}
{{todo.date}}
[
]
{{ todo.summary }}... expand »
{{ todo.text }} « collapse
First  |  Prev  |   1   2  3  {{current_page-1}}  {{current_page}}  {{current_page+1}}  {{last_page-2}}  {{last_page-1}}  {{last_page}}   |  Next  |  Last
{{todos[0].name}}

{{todos[0].text}}

ADVERTISEMENT
This page was tagged for
hyderabad November 2019 News
Andhra Pradesh news
Y S Jaganmohan Reddy updates
Follow fullhyd.com on
© Copyright 1999-2009 LRR Technologies (Hyderabad), Pvt Ltd. All rights reserved. fullhyd, fullhyderabad, Welcome To The Neighbourhood are trademarks of LRR Technologies (Hyderabad) Pvt Ltd. The textual, graphic, audio and audiovisual material in this site is protected by copyright law. You may not copy, distribute, or use this material except as necessary for your personal, non-commercial use. Any trademarks are the properties of their respective owners. More on Hyderabad, India. Jobs in Hyderabad.