TD rebuts YSRC charge on farm loan waiver

Hyderabad: In a strong rebuttal to YSRC allegation that the Telugu Desam was making false promise of waiving farm loans, the yellow party on Saturday reacted saying that to implement such schemes one required vision and administrative experience.

Senior TDP leader R Chandrasekhar Reddy told the media that the financial burden on account of loan waiver was negligible, as against the burden of subsidies provided to the industrial sector, in the country. Secondly, it could be implemented with the help from Central government. All that it required was to persuade the Centre, and only TDP could do it. He suggested all debts incurred by farmers could be written off with the money ‘looted’ by YSRCP president YS Jaganmohan Reddy and his family, if the government confiscated his assets and black money.