Modi government has waived loans of loan defaulters.

There is insufficient evidence to prove whether the Modi government has waived defaulters' loans.

There is insufficient evidence to prove whether the Modi government has waived defaulters' loans.The Congress Party leader Rahul Gandhi has alleged that the Modi government has waived Rs 68,607 crore of top 50 bank loan defaulters, including Nirav Modi, Mehul Choksi and Vijay Mallya. He further said finance minister Nirmala Sitharaman refused to answer his question in the parliament.

After finance ministers' refusal, RTI activist and Congress party supporter, Saket Gokhale, applied a petition under the Right to Information (RTI) Act seeking wilful defaulters list from the Reserve Bank of India (RBI). The RBI responded to Gokhale's RTI application with a list of 50 wilful defaulters, including the amount owned by them as of September 30, 2019, which amounted to Rs 68,607 crores. The list included some of the names from the top 50 companies, some owned by Nirav Modi, Mehul Choksi, Vijay Mallya, Baba Ramdev.

However, there was no credible information available to objectively verify whether the Modi government has waived loans of defaulters, as alleged by the Congress party leader.