While Rs 9.5 lakh crore in loans taken by influential businessmen were waived over the last 30 years, small farmers and traders faced imprisonment for defaulting on relatively miniscule borrowings. BJP parliamentarian Varun Gandhi made this claim during his keynote address at a seminar on political reforms in Bhopal on Sunday evening. The event was organised jointly by the city-based New Life Educational Society and Citizen Welfare Forum, besides Uttar Pradesh’s Wali Foundation. At the same time, many small farmers and traders have been imprisoned because they couldn’t repay their loans…” he said. This means that 90% of its people are living on a mere 15% of its expanse,” said Gandhi.

Source: Hindustan Times August 07, 2017 08:03 UTC