Jagan wins the poor hearts on housing loan waiver

YSR Congress chief Jagan Mohan Reddy had won the hearts of the poor people by promising to waive their housing loans. He made this statement in Gudivada of Krishna district during his padayatra.

The poor families, who received the government houses across the State are locked in a housing loan of Rs 3 lakh each. The houses are constructed at a cost of Rs 6 lakh, as per the government claim, of which Rs 1.50 lakh is the subsidy from the Central government and another Rs 1.50 lakh is the subsidy from the State. There is an additional Rs 3 lakh from the banks invested on behalf of the beneficiary which has to be cleared in 20 years.

Accusing that the houses are constructed at Rs 3 lakh only, Jagan Mohan Reddy said that the TDP leaders were eating away the balance of Rs 3 lakh which is put on the heads of the poor people. This burden will be there hanging over their heads for next 20 years, he said and promised to waive that loan.

The State government claims to have constructed 8 lakh houses in the State during the last four years and there is a huge financial burden of Rs 24,000 crore over the heads of these poor families. By announcing that his government would waive this amount and construct houses free of cost, Jagan Mohan Reddy had won their hearts, which gave him an edge over his rival, Telugu Desam Party.

Jagan Mohan Reddy had already promised to minimise land acquisition in the State and provide pensions to the artisan families at the age of 45. These promises, among others, are taking him closure to the people these days, while the TDP is accumulating the anti-incumbency votes due to its policies.

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