YSR Congress to protest TDP's dilution of loan waiver

The YSR Congress party has called for a three-day protest across Andhra Pradesh from Thursday over the ruling TDP diluting its poll promise to waive loans of farmers and women's self-help groups.

YSR Congress chief Y.S. Jaganmohan Reddy alleged that Telugu Desam Party president N. Chandrababu Naidu during the election campaign made promises knowing fully well that they could not be fulfilled.

He said the promises were made to come to power by deceiving people.

The leader of opposition asked his party cadre and people to stage demonstrations in all the villages to protest what he called cheating by Chief Minister Chandrababu Naidu.

He told reporters that Naidu's effigies will be burnt during the protests.

Jaganmohan Reddy said Naidu promised to waive all loans of over Rs.1 lakh crore despite full knowledge of the financial situation in the aftermath of the state's bifurcation.

"After coming to power, he put the conditions and decided to waive only 35 percent of the total loan amount," said Jagan.

He alleged that Naidu formed the Kotaiah Committee to dilute the promise and push his agenda.

Accepting the recommendations of the Kotaiah Committee, Naidu Monday announced waiver of loans of Rs.43,000 crore of farmers, women's groups and waivers.