Kharge and PM Modi (X/@kharge, @narendramodi)
Delhi: New Delhi Congress chairman Mallikarjun Kharge on Wednesday attacked Prime Minister Narendra Modi over the rise in gold loans and said his reflections during the Lok Sabha pates crusade about' robbery of mangalsutras' have come true with women forced to engage their gold beautifiers under his rule. Citing media reports, Kharge claimed that between 2019 and 2024, four crore women pledged their gold and took a loan of Rs 4.7 lakh crore.
In February 2025, RBI data showed that gold loans increased by a whopping 71.3 per cent in a time, the Congress chief said that Narendra Modi Ji had commented on robbery of mangalsutra and it came true. In your rule, women have been forced to engage their gold beautifiers. First, you made women's' stri- dhan' vanish by enforcing demonetization; now, due to affectation and falling ménage savings, they're forced to engage their most precious thing- their jewellery," Kharge said in his post in Hindi on X.
During the Lok Sabha pates crusade last time, Modi had contended that the Congress would take down' mangalsutras' and redistribute the wealth of the people. Kharge contended that the Modi government has worsened the condition of the frugality so much that middle- class families who buy two- wheelers are now unfit to repay their loans.In view of rising loan defaults, two- wheeler financiers are cutting down on amd started taking loans for buying two wheeler bikes after 2019.
He said 75 per cent of people buy two- wheelers on loan so that they can repay it sluggishly, but the fiscal crunch is so severe that as compared to last time, loans worth about Rs 2 lakh crore are still outstanding till September 2024, which has increased by Rs 40,000 crore in a time. Two- wheeler deals have declined by 6 per cent in February 2025, Kharge added. " Recession, fiscal crunch and reduction in spending capacity- this is the substance of the frugality you run," Kharge said, hitting out at the high minister.
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