Viral analysis: Rs. 552 Crores debt for CC Cameras project

CCTV cameras loan in Andhra Pradesh

YS Jaganmohan Reddy’s government is firm in making Andhra Pradesh completely debt-ridden. They are leaving no stone unturned to take a debt. The government is finding new ways to create debt. It is well known that the government has paved the way to get a new loan of Rs. 552 Crores in the name of the CC Cameras project. The government has given an order guaranteeing this loan taken by AP Fibernet.

The calculations shown in the proposal to repay the loan are quite strange. The organization states that it will identify the violators of traffic rules on the basis of CCTV cameras and collect fines from them and pay from that amount.

Doubts are being expressed about whether this amount will be utilized for the project or whether it will be diverted for other purposes of the government. The state of the loan can be seen in the video below.