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Mumbai: CAG expresses displeasure over poor recovery of loan from co-op spinning mills

According to the CAG report, which was tabled by the minister of state for finance Sambhuraj Desai in the state assembly, as per the scheme, recovery of the loan was to commence two years after the date of disbursement of 90 per cent of share capital (disbursed by Co-operation and Textile Department) and loan for the project.

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