Govt accused of violating insurance law by assigning microinsurance program to ADBL, Sana Kisan
▸ Part of: Auditor General Accuses Government of Violating Insurance Law with Microinsurance Program
The government has been found to have assigned a microinsurance program to the Agricultural Development Bank and Sana Kisan Bikas Laghubitta Bittiya Sanstha, violating insurance laws that restrict such activities to licensed insurers. The Office of the Auditor General's report states that the Ministry of Finance disbursed funds to these institutions despite them lacking insurance licenses, contravening legal provisions and directives.
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