YS Jagan's dubious record: Rs 1.30lakh cr loans in 16 months

People in Andhra Pradesh have voted Chief Minister YS Jaganmohan Reddy to power with a landslide majority with a hope that he will develop state better than previous CM N Chandrababu Naidu.

It's 16 months since Jagan became AP.

After 16 months, if one looks at Jagan's rule, there is nothing to boast of regarding development of state or bringing new companies to state or creating new opportunities for people.

But Jagan created a stunning record in these 16 months, which perhaps no one could beat in the near future.

Jagan's created a recored in taking highest loans within a short span to fund his free cash distribution schemes to people in the name of welfare schemes or Navaratnalu.

His mindless welfare schemes of free cash distribution schemes with an aim to consolidate his vote bank and remain in power for more years is now costing Andhra Pradesh as well as its people dearly.

Every family in AP are now paying the price for bringing Jagan to power.

In the past 16 months, Jagan took loans worth Rs 1.30 lakh crores.

If AP's population of 5 crore is taken into account and if this loans are distributed to every person, then each person in AP owe Rs 26,000 loan.

If four persons are there in each household and if the loans are distributed to each household, then each household owes Rs 1.04 lakh.

Jagan still has a term of more than three and a half years.

It remains to be seen how many records Jagan will break with his financial indiscipline in the remaining part of his tenure for the sake of his vote bank and no regard or concern for Andhra Pradesh and its people.