The YSRCP government led by Chief Minister Jagan Mohan Reddy on Wednesday decided to drop a farm loan waiver scheme, the 'Annadata Sukhibhava', that was implemented by the Chandrababu Naidu-led Telugu Desam Party (TDP) government.
An order issued by Special Chief Secretary (Agriculture) Poonam Malakondaiah stated that the government had decided to drop the decision to wave loans of farmers across the state in five instalments. The TDP had already waived loans in three instalments ahead of the polls, before the Model Code of Conduct (MCC) had come into place. It had promised to waive loans in the remaining two instalments after the elections.
Speaking to reporters, Agriculture Minister K Kanna Babu said, “The TDP government delayed payment of fourth and fifth instalments and finally, it issued the GO just before election. The TDP regime also failed to make adequate financial provision for clearing loan waiver instalments in the Vote-On Account Budget,’’ he said.
![Prof K Nageshwar: Why Jagan Implement Chandrababu Loan Waiver [HD] (Video)](https://secure.gravatar.com/avatar/ba9d209f7408d31c02bd9313ef807db249a6fcf24f993220eed41724683faf09?s=100&d=mm&r=g "Prof K Nageshwar: Why Jagan Implement Chandrababu Loan Waiver [HD] (Video)"){kind=avatar}
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![Prof K Nageshwar: Why Jagan Implement Chandrababu Loan Waiver [HD] (Video)](https://i0.wp.com/www.socialnews.xyz/wp-content/uploads/2019/09/26/maxresdefault-155.jpg?w=180&quality=80&zoom=1&ssl=1 "Prof K Nageshwar: Why Jagan Implement Chandrababu Loan Waiver [HD] (Video)")
The YSRCP government led by Chief Minister Jagan Mohan Reddy on Wednesday decided to drop a farm loan waiver scheme, the 'Annadata Sukhibhava', that was implemented by the Chandrababu Naidu-led Telugu Desam Party (TDP) government. An order issued by Special Chief Secretary (Agriculture) Poonam Malakondaiah stated that the government had decided to drop the decision to wave loans of farmers across the state in five instalments. The TDP had already waived loans in three instalments ahead of the polls, before the Model Code of Conduct (MCC) had come into place. It had promised to waive loans in the remaining two instalments after the elections. Speaking to reporters, Agriculture Minister K Kanna Babu said, “The TDP government delayed payment of fourth and fifth instalments and finally, it issued the GO just before election. The TDP regime also failed to make adequate financial provision for clearing loan waiver instalments in the Vote-On Account Budget,’’ he said.