Double digit growth is our target : Chandrababu

HYDERABAD: Andhra Pradesh Chief Minister N. Chandrababu Naidu has set a target of reaching double digit commencing from the coming financial year despite many hurdles, including deficit finance and the Hudhud cyclone.

Replying to a discussion on the motion of thanks on the Governor’s address in the Assembly on Wednesday, Mr. Naidu said the people in the proposed capital region had reposed confidence in him and his party by giving 33,000 acres of land voluntarily for the land pooling scheme.  He promised to do justice to all farmers who reposed faith in him and gave land for construction of the new capital. He was ready to extend additional compensation if they ask.

Regarding loan waiver for farmers, the Chief Minister said he would clear all the loans up to Rs 1.5 lakh in spite of the State’s poor financial condition. Similarly, DWCRA loans taken by women would be cleared as soon as possible.

Mr. Naidu said Andhra Pradesh suffered  multi-dimensional problems, including deficit rainfall of 36 per cent far, bore the brunt of brunt of a cyclone which destroyed assets worth Rs 69,000 crore and suffered various financial setbacks due to bifurcation. He was trying to convert the crisis into opportunity by re-constructing the State from gross root level.

He said the long coast of the State would yield economic benefits if the government developed infrastructure facilities along the sea such as international ports. He said the government has identified some 40 sectors as growth engines to boost State’s economy, such as paddy, cotton and fisheries.

The Chief Minister said both the Telugu speaking States should work together for development. He felt it was not possible for them to unless they co-operate with each other. (NSS)

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