KCR’s Intelligent Plan to Bribe Voters Again?

Telangana Chief Minister K Chandrasekhara Rao has come up with a new way to Bribe Voters ahead of the Parliament Elections. One would wonder if the Opposition Parties have got it or not but the Chief Minister has hinted about it in the Assembly itself. TRS Government had promised a Loan Waiver of One Lakh to the Farmers in the last elections.

KCR announced in the house that this money will not be deposited in Banks and will be given in the form of Cheques. If deposited, Banks would settle the loans of the farmers with that money. If given in the form of Cheques, farmers can cash them and use them as they would like. The Chief Minister also announced that Loan Waiver will be executed in phases.

The First Phase amount will be given just before the Parliament Elections to benefit the Ruling Party. TRS deposited the Raithu Bandhu installment just a day before the Assembly Elections and got immensely benefitted from that. A similar plan is being implemented for the Parliament Elections as well.

This decision has come as a shock to the Banks. Farmers have stopped paying loans for a long time in the anticipation of the loan waiver. If the amount is not deposited in Banks, the defaulters would further evade the loans which will make things complicated for the Banking Sector.