Ahead of the Assembly Elections in Summer the next year, Andhra Pradesh Government is gearing up to finish the Loan Waiver Program in complete. Three installments of the Loan Waiver are already given to be beneficiaries and the Government needs 8100 Crore for the last two installments which will be done in one go by December.
[m9ad]
The State Government is trying to pool the necessary funds. So far, the government has spent a whopping 15000 Crore for the first three installments of the scheme. The State Government wants to go to the elections completing this scheme. The State Government is in a hurry because there are reports that the election notification may come in February itself.
Chandrababu Naidu Government has waived off the agricultural loans which are less than 50000 in One Go and in five installments to the loans which are up to 1.5 Lakhs per family. This is the biggest welfare scheme of the TDP Government after coming to Power and giving back the last two installments just before the elections will bring the party back to power, they believe.
