After cancelling tenders to Navayuga in Polavaram and initiating renegotiation on Power Purchase Agreements, YS Jagan-led state government continued its stand to revoke all crucial decisions taken by previous government led by Chandrababu Naidu. In a fresh move, Jagan administration has struck down the GO passed by the previous government on Loan Waiver.
On March 10, 2019, TDP-led government had sanctioned Rs 7959.12 Crore Loan Waiver funds including 10 percent interest for the delay under GO 38. But Jagan government has decided to struck the GO 38. Agricultural Department Principal Secretary Poonam Malakondaiah has passed orders striking down GO No. 38.
It is learnt that the Loan Waiver orders were quashed in order to facilitate YSR Rythu Bharosa scheme. YSR Rythu Bharosa scheme is to provide financial assistance to landowners and tenant farmers which will be implemented from October 10, 2019. CM Jagan has ordered to conduct a survey from Sep 18 to Sep 25 to identify the beneficiaries. State government has also launched eight other schemes along with this. However, the stopping of Loan Waiver invites flak from farmers.
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