Finance Minister Nirmala Sitharaman on Tuesday announced Rs 15,000 crore for the development of Andhra Pradesh’s capital city this fiscal, addressing long-standing commitments under the Andhra Pradesh Reorganization Act.
Presenting the Budget for 2024-25, Sitharaman outlined a comprehensive plan that addressed key issues faced by Andhra Pradesh post-bifurcation.
The minister promised to facilitate additional funds for development of the capital Amaravati in coming years. She also gave a commitment to finance and expedite the Polavaram Irrigation Project, allocation for infrastructure in industrial corridors, and grants for backward regions.
“Our government has made concerted efforts to fulfil the commitments in the Andhra Pradesh Reorganization Act,” Sitharaman said, acknowledging the state’s need for a capital.