Jagan sets one month time for loan waiver

Setting a one-month deadline for the TDP government to implement the waiver of all agriculture and DWACRA loans, Ys Jagan Mohan Reddy has said that YSR Congress will take up the cause of farmers and agitate holding dharnas across the state if it fails to meet the commitment.

“Chandrababu Naidu has resolutely and categorically told the Election Commission that all logistics were worked out and the loan waiver scheme is feasible and promised in the subsequent public meetings that, with all the experience he has as chief minister for nine years, the scheme is viable and will be implemented immediately after coming to power.

People believed the stark lie and voted TDP to power and Chandababu Naidu is shirking responsibility and is now searching for ways to wriggle out of the situation and exploring escape routes for waving loans but we are with the farmers and will take up an agitation if the loans are not waived within one month,” he said while talking to reporters here on Thursday.

Naidu’s letter to Election Commission on April 11 and in the electioneering there after the TDP President has consistently assured the people that waiver of all agriculture and DWACRA loans will be done immediately after assuming office and it is feasible.

“The Chief Minister is staking claim for the rescheduling of loans which comes in a normal course whenever there is a natural calamity. And such an exercise has been the practice for the past 10 years. The reschedule now announced is only for Rs 10,000 crores while the remaining Rs 90,000 crores are left out from the scheme.

The 184th State Level Banking Conference (SLBC) has given a report about the quantum of agriculture loans which is pegged at Rs 87,000 crores and the TDP government is aware of it.

The situation of DWACRA groups is pathetic as the bankers are adjusting the money towards loans and interests as nothing has come from the government though it has promised to waive all the DWACRA group loans.

Sugarcane farmers are again bearing the brunt as the management is directly depositing the money into banks which are in turn adjusting the money towards loans and interest and the farmer is not in a position to draw any money.

People have believed Chandrababu Naidu’s election promise and have voted him to power and the TDP government has been trying to delay the process. It has appointed Kotaiah Committee only to drag the issue and the report was not given for obvious reasons, he said. This is nothing but cheating the people. Any cheat will be booked under section 420 of IPC.

People and farmers in particular have lost faith and patience and if the election promise of waiving all agriculture and DWACRA group loans is not fulfilled within one month, we will toe the agitation path, he warned.