Modi Government in parliament admitted that it took two loans amounting to Rs 9,202 crore from Chinese led Asian Infrastructure Investment Bank (AIIB).
Congress Spokesperson Pawan Khera said that Prime Minister Narendra Modi led Indian government took two loans amounting to Rs 9,202 crore from AIIB bank where China is the highest stakeholder.
Speaking to media Khera informed that the government admitted it in parliament on Monday.The Central Government has taken USD 500 million from AIIB Bank on May 8 as a first instalment, and another instalment of USD 750 million on 19 June, said Khera.
The news was confirmed by junior finance minister Anurag Thakur when he replied to a question in Parliament on Monday.According to Thakur, the government of India signed the two-loan agreement under Covid-19 Crisis Recovery Facility.
The first instalment was taken to partly support ‘India Covid-19 Emergency Response and Health Systems Preparedness Project’ which is organised to strengthen the national health system amid the pandemic.
In addition to that, the second loan of USD 750 million was taken to support Pradhan Mantri Garib Kalyan Yojana (PMGKY).
All the beneficiary States and Union Territories have covered under PMGKY from this loan, said Thakur.
At a time when India is banning Chinese goods and apps, the news has not gone well with the opposition.
Rahul Gandhi raised a question on his Twitter handle saying “Is Modi Govt with Indian Army or with China?”.