"This government has been formed on false slogans and promises and the people have been cheated," Yadav said while addressing his party workers after hoisting flag at party headquarters here.
He alleged that farmers were facing tough time as neither they were getting profitable price of their produce nor seed and fertiliser on time.
"Youths are victim of unemployment. The gap between poor and rich is not shrinking and there is large scale resentment in the country.
Samajwadis will prepare the people for an agitation against this," he said. Emphasising on special opportunity and promotion to farmers, the SP supremo said that economy depends on the prosperity of farmers.
Yadav said that even today, 65 per cent people were dependent on farming and their land should not be acquired forcibly. Independence Day was the occasion when people should take resolution to fulfill dreams of Mahatma Gandhi, which have been forgotten after independence, he said, adding that people should raise their voices against injustice.
He recalled that when Gandhiji gave slogan of "Do or Die" in 1942, then youths of Congress Socialist Party led the struggle. He said that while Gandhiji emphasised on non-violence, contributions by Bhagat Singh, Bimillah and Subhash Chandra Bose was not less.
The SP supremo said that when emergency was imposed, it was Samajwadis who led the protest. Chief Minister Akhilesh Yadav, Health Minister Ahmad Hasan and other senior leaders were present on the occasion.