There was an announcement of loan in less than one hour sometime back. The announcement of 1 crore loan to small scale entrepreneurs by PM Narendra Modi and it saw huge rush. In fact with no ounce of doubt people got acknowledgement too within an hour of applying for the loan that their loan got sanctioned. When people hit the banks, truth hit hard in the face. They were sent off with the same usual excuses of surities and things thereof. But this entire procedure saw a huge looting of over 1000 crores. Well people who applied for the loan had to pay a fee of 1180 rupees.
[m9ad]
Although the loans were sanctioned by nationalised banks the entire procedure of loan application and forwarding was given to one lesser known Capita World. This company charged a fee of staggering Rs.1180 per application. And what’s even more shocking is that the company belongs to PK’s close aide. PK was BJP’s political strategist for 2014 elections and YSRCP too hired this man for their party for 2019 elections.
This covert looting by Capita World is no less than a ponzi scam but does Modi have courage to launch a probe on this?
