The Economic Times

Farmer denied Central govt subsidy on dairy loan: Federal Bank ordered to pay Rs 1.7 lakh; court says bank failed to give NABARD the claim details for nearly seven years

Farmer denied Central govt subsidy: A Kerala consumer commission has ordered Federal Bank to pay Rs 1.76 lakh to a dairy farmer from Kannur after ruling that the bank's failure to properly file his NABARD subsidy claim on time cost him a benefit he was fully entitled to. The court held the bank's procedural lapses amounted to deficiency in service.