 "Modi")
Prime Minister Narendra Modi on Saturday accused the previous Congress-led UPA government of running a phone-a-loan scam where loans were handed out to select businessmen at the behest of namdars (dynasts), creating huge amounts of non-performing assets in the banking sector.
“The Congress had put the economy on a landmine. Our government brought out the true picture of NPAs and the scam of the previous government,” he said.
Citing figures, Modi said all banks in the country had lent a total of Rs 18 trillion between 1947 and 2008, but the figure surged to Rs 52 trillion in just six
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