Aam Aadmi Party (AAP) national convenor Arvind Kejriwal, on Tuesday, urged Prime Minister Narendra Modi to enact a new law to prohibit the waiver of loans given to rich billionaires. Kejriwal told the press that he wrote a letter to PM Modi voicing his concerns regarding the same.

"I have two requests to the Prime Minister – Now in this country, the loans of any rich billionaire will not be forgiven, a law should be made for this. This is a big scandal. If loans are to be forgiven, then loans of the middle class should be forgiven. Everyone's home loan and vehicle loan should be forgiven. Forgive the farmers' loans...If the loan waivers of the rich are stopped, then the income tax and GST rates can be halved. GST on food items and various items can be halved. This is our demand from the middle class of the country," Kejriwal said.

#WATCH | Delhi: AAP National Convener Arvind Kejriwal says, "Today I have written a letter to the Prime Minister on an important issue. The BJP government at the Centre is looting money from the government treasury for a few billionaires... On the other hand, the middle class is… pic.twitter.com/tXmCu42Cm8

— ANI (@ANI) January 28, 2025

The former Delhi Chief Minister alleged that "government treasury being looted on few billionaires instead of being spent on the citizens." He said that the treasury seems like it is being looted on a few billionaires, instead of being spent on the citizens.

“Whenever they want to please billionaires, they give loans to them and after 3-4 years, they waive the loan. This is how the money goes treasury goes to the billionaires," Kejriwal claimed.

The AAP chief claimed that the Central government has waived loans of Rs 10 lakh crores of 400-500 billionaires in the last 5 years, while the poor and middle class is battling with inflating and unemployment.

He compared the numbers and stated that the Delhi government has to spend only Rs 400 crores for the free bus ride scheme for women. "When we announced free travel for women, only Rs 400 crores were spent on it while they waived so much debt of just one friend. A middle-class man who earns 12 lakhs, pays 6 lakhs as tax... But in return, he gets nothing..." he said.

These statements come, as the date for the Delhi assembly polls nears, the poll battle has been intensifying in the national capital, with parties levelling allegations against each other and at the same time trying to appease the public.