"The poorer the beneficiary, the louder the sermon. Freebie culture, we are warned. Fiscal collapse. Irresponsible populism. But when public sector banks write off ₹1.29 lakh crore over the years in bad loans, an amount large enough to fund several welfare budgets, the vocabulary softens. What is striking is not that welfare exists. It is that it provokes disproportionate moral anxiety."












