Chandrababu Naidu waives 80000 crore farm loan

For a leader who favoured investment-driven policies over populist schemes in his previous tenure, the first file N. Chandrababu Naidu of the Telugu Desam Party signed as chief minister of the new Andhra Pradesh state was in regard to a loan waiver scheme for farmers.
Naidu appointed an expert committee to work out the details for implementing a loan waiver scheme for farmers, beneficiaries of the development of women and children in a rural areas programme and handloom workers, a promise made during the state assembly elections campaign that helped him return to power.
He also signed files regarding the monthly pension of Rs.1,000 for old-aged and handicapped people and a drinking water scheme for all villages by providing 25 litres of mineral water for Rs.2, also promises he made at the hustings. He extended the retirement age of state government employees to 60 years and promised to provide avenues for the unemployed in the government and private sectors.


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