Will distribute a TIDCO house for Rs 1 to beneficiary: CM Jagan
Chief Minister YS Jagan Mohan Reddy said that the TIDCO houses will be distributed to beneficiaries on payment of Rs 1 by his government. He stated that beneficiaries will be given two options. A beneficiary has to pay Rs 7 lakh for the next 20 years on an installment basis according to norms of the previous Chandrababu government, the CM stated.
Jagan Reddy mentioned that house documents will be handed over to a beneficiary after closing the loan. He further said the YSRCP government is clearing the TDP government’s dues of Rs 3,200 crore towards the TIDCO houses. Already, Rs 1,200 crore was paid to the TIDCO, he added.