Jagan sets one month 'deadline' to waive off loans to farmers

YSR Congress president Jagan Mohan Reddy today set a one-month "deadline" for the TDP government to fulfil its poll promise of loan waiver schemes.
He said that his party would take up the cause of farmers and hold protest meetings across Andhra Pradesh if the TDP failed to keep its promise.
"Chandrababu Naidu has resolutely and categorically told the Election Commission that all logistics were worked out and the loan waiver scheme is feasible. He promised in the subsequent public meetings that with all the experience he had as chief minister for nine years, the scheme is viable and will be implemented immediately after coming to power," Jagan told reporters here.

"People believed this stark lie and voted TDP to power, while Chandababu Naidu is shirking responsibility and is looking for ways to wriggle out of the situation. He is exploring escape route to avoid waiving off loans, but we are with the farmers and will agitate if the loans are not waived off within one month," Jagan said.
According to Jagan, in Naidu's letter to the Election Commission on April 11 and during campaigning thereafter, the TDP president consistently assured people that waiver of all agriculture and DWACRA (Development of Women and Children in Rural Areas) loans would be implemented immediately after assuming office, since it is feasible.

"The Chief Minister is trying to get loans rescheduled. Such an exercise has been the practice for the past ten years. It has now been announced that rescheduling is only for Rs 10,000 crore of loans while the remaining Rs 90,000 crore of loans have been left out," he said.
As per the 184th State Level Banking Conference's (SLBC) report, the quantum of agriculture loans is pegged at Rs 87,000 crores and the TDP government is aware of it, he said.