Hyderabad: In a significant move, Finance Minister Nirmala Sitharaman announced a substantial financial package for Andhra Pradesh as part of the current budget 2024-25, underscoring the NDA government’s commitment to fulfilling the promises made under the Andhra Pradesh Reorganization Act.
Highlighting the state’s urgent need for a capital, Sitharaman revealed plans to facilitate special financial support through multilateral development agencies. “In the current financial year, Rs 15,000 crore will be arranged, with additional amounts in future years,” she stated, emphasizing the government’s dedication to supporting the state’s development needs in her speech.
A major highlight of the budget allocation is the Polavaram Irrigation Project. Recognizing it as the lifeline for Andhra Pradesh and its farmers, the Finance Minister reaffirmed the government’s commitment to its early completion. “This project is crucial not only for Andhra Pradesh but also for the nation’s food security,” Sitharaman noted.
In a bid to promote industrial development in the region, funds will be allocated for essential infrastructure such as water, power, railways, and roads. Key industrial nodes, including the Kopparthy node on the Vishakhapatnam-Chennai Industrial Corridor and the Orvakal node on the Hyderabad-Bengaluru Industrial Corridor, will receive significant support. An additional allocation towards capital investment for economic growth is also planned for this year.
Moreover, grants for the backward regions of Rayalaseema, Prakasam, and North Coastal Andhra, as outlined in the Andhra Pradesh Reorganization Act, will be provided to spur development in these areas.
This comprehensive financial package is expected to drive substantial economic growth and development in Andhra Pradesh, addressing long-standing infrastructural challenges and promoting balanced regional growth.
Reacting to this, Nara Lokesh, Minister for Human Resources Development of Andhra Pradesh, expressed his gratitude to the NDA government. In his tweet, he stated, “We extend our gratitude to the Central Government for announcing complete support for the completion of the Andhra Pradesh capital, Amaravati, and the lifeline Polavaram Project. On behalf of the people of Andhra Pradesh, we thank the NDA government for committing to the reconstruction of the state by allocating Rs 15,000 crore in the budget.”
ఆంధ్ర ప్రదేశ్ రాజధాని అమరావతి, జీవనాడి పోలవరం ప్రాజెక్టుల పూర్తి కోసం సంపూర్ణ సహకారం అందిస్తామని ప్రకటించిన కేంద్ర ప్రభుత్వానికి ధన్యవాదాలు. బడ్జెట్లో రూ.15 వేల కోట్లు కేటాయించి ఆంధ్రప్రదేశ్ పునర్నిర్మాణానికి కట్టుబడిన ఎన్డీఏ ప్రభుత్వానికి రాష్ట్ర ప్రజల తరఫున కృతజ్ఞతలు… pic.twitter.com/CNbsH2owj6
— Lokesh Nara (@naralokesh) July 23, 2024
The State Agriculture Minister, Kinjarapu Atchannaidu, expressed his gratitude to the NDA government and Prime Minister Modi for allocating Rs 15,000 crore for the development of the new Andhra Pradesh capital, Amaravati.
The Minister also thanked Finance Minister Nirmala Sitharaman for announcing special provisions for Andhra Pradesh in the Central Budget.
Atchannaidu extended heartfelt thanks to the NDA government for announcing funds under a special package for the backward regions of Rayalaseema, Prakasam, and North Coastal Andhra in the Central Budget.
The Minister expressed confidence that under the leadership of Prime Minister Narendra Modi and Chief Minister Nara Chandrababu Naidu, the state’s development and the aspirations of the people of North Coastal Andhra would be fulfilled.
