Vastavam web: 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.
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.