💨 Abstract

The Congress has criticized the Modi government for the rise in gold loans, claiming that the Indian economy is in crisis. Gold loans have surged by 71.3% as per February RBI data, with nearly 40% of all credit issued to women. The number of women borrowers has increased by 22% in 5 years, and gold loans now exceeded Rs. 1 lakh crore for the first time.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖