Rahul Gandhi Explains What India Could Have Done With 'Rs 16 Lakh Cr Loan Waivers To Billionaire Friends'

In a social media post on X, Rahul Gandhi said that the loan "waived" could have been used for various developmental works.

Rahul Gandhi attacks PM Modi over "billionaire friends".

Congress leader Rahul Gandhi targeted Prime Minister Narendra Modi on Wednesday alleging that the loan worth Rs 16 lakh crore that the PM waived of his "billionaire friends" could have been used for various developmental works. 

Taking to social media X, Rahul said that the loan amount "waived" could have been used to give jobs to youths, waive the loan of farmers, and bring down the prices of gas cylinders among others. 

"Narendra Modi has waived off the loan of his billionaire friends amounting to Rs. 1,60,00,00,00,00,000 i.e. 16 lakh crore rupees! With this much money 16 crore youth could have got jobs of Rs 1 lakh per year," he said. 

नरेंद्र मोदी ने अपने अरबपति मित्रों का 1,60,00,00,00,00,000 मतलब 16 लाख करोड़ रुपया कर्ज़ा माफ किया है!

इतने पैसों से:

- 16 करोड़ युवाओं को 1 लाख रू साल की नौकरी मिल सकती थी

- 16 करोड़ महिलाओं को 1 लाख रू साल देकर उनके परिवारों की जिंदगी बदली जा सकती थी

- 10 करोड़ किसान…

— Rahul Gandhi (@RahulGandhi) April 24, 2024

"Countless suicides could have been prevented by waiving off the loans of 10 crore farmer families," said the Wayanad MP, adding, "The entire country could have been provided gas cylinders for just Rs 400 for 20 years." 

The Congress leader claimed that with this much amount, the entire expenses of the Indian Army could have been borne for three years and education up to graduation could have been made free for every youth from Dalit, tribal and backward society. 

"The money which could have been used to cure the pain of 'Indians' was spent to create hype for the 'Adanis'," Rahul said in his social media post. 

"Now the situation will change - Congress will run the government for the progress of every Indian," he added. 

Rahul Gandhi made the attack amid a fresh row after Modi alleged that the Congress manifesto states that it will redistribute the resources among Muslims.