A claim is being made on social media in which it is asserted that the Modi government has written off a loan of ₹1,073 crore belonging to Jain Infra Pvt. Ltd., a company alleged to be owned by Jay Shah, son of Union Home Minister Amit Shah. (Archived link)
पूछता है भारत pic.twitter.com/CW350eBNQ8
— बामसेफ एक विचारधारा (@margdata8705) December 30, 2025
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Fact Check
In our fact-check research, we found that the claim is entirely misleading and false.
We conducted a keyword search but there is no credible evidence that the Indian government, the Reserve Bank of India (RBI), or any regulatory authority has waived a ₹1,073 crore loan for Jay Shah’s company.
The company name shown in the claim actually belongs to Jain Infra Projects Limited, and not to any firm owned or operated by Jay Shah.
Further research reveals that Jay Shah’s name is not listed in publicly available information as a director, shareholder, or beneficiary of Jain Infra Projects Limited. There is no documented link between Jay Shah and this company.
Jain Infraprojects Limited is a construction and infrastructure company incorporated in Kolkata, and its current board members include Sushil Kumar Dangi, Boudhayan Chakraborty, and Manoj Kumar Jain.
We also found a 2015 report from The Economic Times, which revealed that the same company had been subjected to a serious legal investigation by the CBI for alleged fraud. The CBI had registered an FIR against Jain Infraprojects Limited and its promoters – Manoj Kumar Jain, his wife Rekha Manoj Jain, and Sunil Kumar Dangi – along with a deputy general manager of the bank, for alleged criminal conspiracy, cheating, and forgery in connection with the misappropriation of bank funds. Here, we did not find Jay Shah’s name.
It is also important to note that the government is being wrongly linked with the Jain Infra’s loan that has been waived off. Neither the government nor the RBI can write off or waive corporate bank loans. Decisions regarding loan write-offs and waivers are made by the lending banks themselves, as part of their accounting and recovery processes, based on RBI guidelines.
In conclusion, the claim that the Modi government waived a ₹1,073 crore loan for Jay Shah’s company, Jain Infra Private Limited, is false. There is no public record of Jay Shah being associated with Jain Infra Private Limited.
| Claim | Modi government has written off a loan of ₹1,073 crore belonging to Jain Infra Pvt. Ltd., a company owned by Jay Shah. |
| Claimed | Social media user |
| Fact check | The claim is false. There is no link between Jain Infra company and Jay Shah. |
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