Udayavni Special

Indira Gandhi’s Bank Nationalisation Was A Fraud, Says PM Modi


Team Udayavani, Nov 25, 2018, 10:36 AM IST

Mandsaur: Prime Minister Narendra Modi targeted former prime minister Indira Gandhi on Saturday, saying her famous slogan ‘garibi hatao’ was a “false promise” and bank nationalisation was a “fraud” in the name of the poor.

Were not those who promised to eradicate poverty “liars”, he said in a blistering attack on the Nehru-Gandhi family at a rally in Mandsaur ahead November 28 assembly elections in Madhya Pradesh.

He also said if he gets half the time the Congress spent in power, he would bring about a transformation in the country.

PM Modi’s remarks came in the wake of Congress president Rahul Gandhi’s constant criticism that the BJP made “false promises” to the people in the run up to the 2014 polls.

PM Modi said the four generations of the Nehru-Gandhi family ruled the country, but did not waste a single opportunity to “hoodwink” the people.

“Grandmother of the ‘Namdar’ (dynast), Shrimati Indira Gandhi, was prime minister of the country. Didn’t she give the slogan of removing poverty 40 years ago?” he asked the gathering.

“Tell me honestly, has poverty been eradicated? Wasn’t this a false promise? Weren’t those who made the promise liars?” PM Modi asked.

The Prime Minister said that Indira Gandhi nationalised the banks “overnight” claiming that her government was opening their doors for the poor.

However, despite the nationalisation, half the people in the country had not seen the doors of the banks till 2014, he claimed.

“Wasn’t it (nationalisation of banks) a fraud in the name of the poor?” he asked.

It was only after his government came up with the Pradhan Mantri Jan Dhan Yojana that the poor got access to the banking system, he said.

“It is true that we need some time to correct mistakes of five-six decades. I have got just four years. Even if I get half the time they (Congress governments) had, I will bring about a drastic change,” the Prime Minister said.

Indira Gandhi had given ‘Garibi Hatao, Desh Bachao’ (remove poverty, save the nation) slogan during the 1971 general election campaign.

Before that, in 1969, her government had nationalised 14 commercial banks. 

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Reopening of school for classes 1-5 unlikely says Min Suresh

Karnataka launches Engineering Research & Development policy; aims to create 50,000 new jobs

Rifts within Congress ahead of West Bengal elections

BJP surges ahead of Congress in Gujarat civic polls

Identity politics gain ground in West Bengal ahead of assembly polls

Premananda Shetty elected Mayor and Sumangala Rao as Deputy Mayor of Mangaluru

NGT directs Delhi Jal Board to control ‘bad odour’ emanating from Kondli sewage plant by May 31



Related Articles More

Rifts within Congress ahead of West Bengal elections

BJP surges ahead of Congress in Gujarat civic polls

Identity politics gain ground in West Bengal ahead of assembly polls

Unemployment high in India due to govt’s “ill considered demonetisation decision”: Manmohan Singh

NGT directs Delhi Jal Board to control ‘bad odour’ emanating from Kondli sewage plant by May 31

MUST WATCH

Mangalore: Prioritizing the city’s holistic development: New mayor Premananda Shetty

VenkiPalimar​ | Chhatrapati Shivaji Maharaj Magazine Collage Video

Interview with Shree Harsha | Harshadhwani | Udayavani

Why is drinking Cold Water Bad for Health?

Ones I trusted the most, betrayed me: Dr. B. R Shetty

Latest Additions

Co-WIN glitches: Only 22% got vaccine on Day 1 in Bengaluru

Reopening of school for classes 1-5 unlikely says Min Suresh

Sensex spurts 447 pts to reclaim 50,000-level; auto, IT stocks shine

Karnataka launches Engineering Research & Development policy; aims to create 50,000 new jobs

Rifts within Congress ahead of West Bengal elections

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.