New Delhi: PM NarendraModi has blamed the previous UPA regime for pressuring banks into giving loans to a few industrialists at the cost of the banking system and economy.
"Banks were pressured to give loans to only a select few industrialists... This was the biggest of UPA's scams, bigger than coal and 2G. It was loot of people's hard-earned money through industrialists," the PM said, addressing the 90th annual general meeting of industry chamber Ficci.
The PM's remarks alleging crony capitalism under UPA came a day before the final round of polling in Gujarat and marked a sharp riposte to Congress leader Rahul Gandhi's charge that the Modi government was partial to select industrial houses.