How, Naidu is so confident of waiving off crop loans?

Even while stressing the RBI governor for crop loans reschedule, AP government took several measures to generate necessary funds to repay the loans. AP government has saved Rs. 10,000 crore from its regular income sources and sets it aside for the purpose.

The government has saved Rs.5, 000 crores by applying breaks to various works that were started during Kiran Kumar Reddy regime but are not so important or urgent. Naidu government has saved another Rs.5, 000 crores through renewal of licenses to liquor shops and from VAT taxes.

Simultaneously, the state government also formed Resource Mobilization Committee (RMC) lead by MP Sujana Chowdary. RMC was asked to raise funds of Rs.25,000 crores before end of this month. The committee has suggested various options to the state government for generating additional revenue for this purpose. The committee identifies revenue sources like selling Red Sandal wood through global auction, levying cess on Liquor, sand mining and granting of irrigation projects etc. It also suggests the government to mortgage its properties with Bankers guarantying for repayment of the loans. The state government is expecting to raise at least Rs. 20-25,000 crores through these sources in the next couple of months.

So is CM Chandrababu Naidu seems to be quite confident about waiving off the crop loans. Today, he not only reiterated but also said that it is not the end but beginning of such welfare schemes. If he is successful in implementing his elections promise it will add another feather in his cap.