The Central Government, which has decided to continue to support the programmes for the development of backward districts of Andhra Pradesh and provide assistance for creation of New Capital of Andhra Pradesh, today announced a further ‘Special Assistance’ of Rs. 1000 crore during the current Financial Year 2015-16.
According to a press release at New Delhi, the Central Government will provide special assistance of Rs. 350 crore, ( at Rs. 50 crore per district) for the development of seven backward districts covering Rayalaseema & North Coastal region, Rs. 350 crore for new capital of the state and Rs. 300 crore for Polavaram Irrigation Project. A tax incentive has also been provided in Finance Act, 2015.
The Andhra Pradesh Reorganisation Act, 2014 bifurcated the State and the State of Telangana came into being with effective from 2nd June, 2014. Having regard to the resource availability, the Central Government is required to make appropriate grants and also provide adequate benefits and incentives in the form of special assistance to the backward areas of States.
Accordingly, an amount of Rs. 4403 crore was released to the successor State of Andhra Pradesh during 2014-2015, which included Rs. 350 crore @ Rs. 50 crore per district for the development of seven backward districts covering Rayalaseema & North Coastal region, Rs. 2303 core for bridging resource gap, Rs. 1500 crore for construction of Raj Bhavan and for creating infrastructure facilities in the new capital of the State, and Rs. 250 crore for Polavaram irrigation project, the release added. (NSS)
Centre Grants Spl Assistance Of Rs.1000 Crore For AP
