Low loan distribution in Muslim areas, says Owaisi

“In many Muslim areas, banks are not present in the manner they should be. The proportion of loan distribution is also less (compared to other areas),” Owaisi said, after a meeting at Udgir in Latur district of Marathwada region on Monday. 

“ATMs are not there. This is what is happening. People in the entire country are facing problems,” he said. “ATMs in Muslim-dominated areas were not functioning. If a bank is open (in Muslim areas), it is declared ‘red zone’,” the MP from Hyderabad further said. 

The Prime Minister should remember that those standing in queues now to withdraw their money would stand in queue again to vote against him (in the elections), Owaisi said. 

Talking about Modi’s ‘fakir’ remark, he asked whether a ‘fakir’ wears a “Rs 15 lakh suit. What type of a ‘fakir’ is he? Would any ‘fakir’ give pain. You are not a ‘fakir’, you are a ‘zalim’ (tyrant),” he said. 

Modi should come to the old city of Hyderabad to see the suffering of the people as they cannot withdraw their money, said the AIMIM chief about the constituency he represents in Parliament which has large Muslim population. 

“Why cashless economy? We will not do cashless economy. Give me my money. Credit card, how many credit cards are there in India. I bet there won’t be even one or two per cent of credit cards with Muslims. Not with Dalits. Banks are not open in our Muslim localities. If bank is open, it is declared ‘red zone’ and loans are not available. If ATM is installed, money is not coming out of them in our localities,” he alleged. Claiming that demonetisation would not have any fruitful outcome, he said experts have estimated a loss of three per cent of GDP due to this decision. The NDA government has failed to check price rise and bringing back black money, Owaisi alleged.