CPI seeks waiver of TIDCO housing loans for Dabbanda beneficiaries
The Communist Party of India (CPI) has demanded that the Andhra Pradesh government waive bank loans for beneficiaries of the TIDCO housing scheme in Dabbanda. Protesters cited financial strain from EMIs and a lack of promised basic infrastructure as the primary reasons for their request.
Why it matters
This highlights the ongoing challenges in public housing projects where beneficiaries face debt burdens alongside inadequate urban development.
The Communist Party of India (CPI) on Monday demanded that the Andhra Pradesh government waive bank loans availed by beneficiaries of TIDCO houses at Dabbanda village, alleging that poor families were under severe financial strain due to loan repayments and inadequate infrastructure.
A rally was held from Jagadamba Junction to the Collectorate, where CPI district secretary Sheikh Rahiman and Dabbanda TIDCO Welfare Society president Bhanu Pradeep addressed the protest.
They alleged that beneficiaries had paid deposits of ₹50,000 in two instalments under the TIDCO housing scheme and were later required to mortgage their allotted houses for bank loans. They claimed beneficiaries had already paid nearly ₹90,000 each through EMIs and were facing recovery notices from banks.
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