SC seeks list of ‘defaulting banks’ on fund for disabled


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NEW DELHI: More than 13 years ago, the SC created a trust for welfare of disabled people and directed scheduled banks and financial institutions to deposit the excess interest they had collected from more than five crore borrowers since 1991 into it.

The amount so far deposited with the trust is Rs 174 crore. There are over 100 million disabled persons in India. Petitioner Ravi Shankar Bhushan, through senior advocate Colin Gonsalves, alleged that many banks had not paid the amount directed by the court and that the trust, headed by the Comptroller and Auditor General (CAG), had not taken any step to use the money for welfare measures under the Disabilities (Equal Opportunities, Protection of Rights and Full Participation) Act, 1995.

Source : http://timesofindia.indiatimes.com/india/sc-seeks-list-of-defaulting-banks-on-fund-for-disabled/articleshow/59482008.cms

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