Union Budget 2024 | Andhra Minister welcomes Centre's commitment for Polavaram project, funds for Amaravati

Amaravati: Andhra Pradesh Minister Nara Lokesh on Tuesday welcomed the Central government’s budgetary proposals providing support to Amaravati and Polavaram Irrigation project.

"Thanks to the Central government which announced that it will provide full support for the completion of the projects of Amaravati, the capital of Andhra Pradesh, and Polavaram project, the lifeline of AP. On behalf of the people of the state, we express our gratitude to the NDA government for committing to the reconstruction of Andhra Pradesh by allocating Rs 15,000 crore in the budget," he said.

Presenting the Budget for 2024-25 in the Lok Sabha, Union Finance Minister Nirmala Sitharaman on Tuesday said the Central government will provide Rs 15,000 crore financial assistance for Andhra Pradesh for the purpose of the development of Amaravati.

Track all reactions on the Union Budget 2024 that was presented by FM Nirmala Sitharaman with DH's Live Blog

She further said the NDA government at the Centre is fully committed to financing and early completion of Polavaram Irrigation project, which is considered as a lifeline for Andhra Pradesh and its farmers.

"Our government has made concerted efforts to fulfil the commitments in Andhra Pradesh Reorganisation Act. We are recognising the state's need for a capital. We will facilitate special financial support through multilateral development agencies. In the current financial year, Rs15,000 crore will be arranged with additional amounts in future years," she said.

Sitharaman further said under the AP Reorganisation Act, for promoting industrial developments, funds will be provided for essential infrastructure such as water, power, railways, and roads and also grants for backward regions of Rayalaseema, Prakasam North coastal Andhra Pradesh, as stated in the Act will be provided.

Union Budget 2024 LIVE | Making a record for any Finance Minister, Nirmala Sitharaman will be presenting her 7th Union Budget on July 23, 2024 under the Modi 3.0 government. While inflation has burnt a hole in the pockets of 'aam janata', will this Budget spell relief for Indians? Track the latest coverage, live news, in-depth opinions, and analysis only on Deccan Herald. Also follow us on WhatsApp, LinkedIn, X, Facebook, YouTube, and Instagram.