₹22,000 Crore Loan Waived Off for a Big Businessman, While Farmers Struggle for Small Loans — Why This Double Standard?
If the bank told everyone who had taken a loan that they would not have to repay the loan, obviously everyone would feel very happy, right? But this will probably remain just a dream; something like this may never happen.
But there is a news report that Zee News founder Subhash Chandra had taken a loan of around ₹22,000 crore from banks, but he reportedly had to pay only around ₹6.5 crore. Why? Why did the NCLT waive off such a huge amount?
On the other hand, when a farmer takes a loan from a bank, even if just one instalment is late, the bank can make the farmer’s life extremely difficult, and in some cases farmers even die by suicide.
In this country, big businessmen take loans worth thousands of crores, and their loans sometimes get waived or settled for a much smaller amount. Why is this happening?
