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Latest news India : Union budget 2024: Union budget 2024.. Live updates : Budget Finance Minister Nirmala Sitharaman has given good news in the budget to help Andhra Pradesh, which suffered severe economic losses during the last five years of YSRCP rule after the bifurcation of the state.
Special financial assistance has been announced for AP in the Union Budget. It has been announced that financial assistance of Rs. 15 thousand crores will be given for the development of capital Amaravati. He said that more additional funds will be allocated in the future as per the need.
Special package for those districts..
On this occasion, the Union Minister said that full assistance will be provided for the quick construction of Polavaram in accordance with the Partition Act. Andhra Pradesh State is the lifeline of farmers. The project is crucial for India’s food security. Nirmalamma assured that the construction of Polavaram will be done soon. Niramala Sitharaman announced that a special package will be given to backward areas in AP. Rayalaseema, Prakasam and Uttarandhra districts will be granted funds under a special package.
The Union Minister revealed that special support will be provided for industrial development as per the Partition Act. Special funds will be provided for the development of Hyderabad-Bangalore Industrial Corridor. Special assistance will be given to the nodes in Visakhapatnam-Chennai Industrial Corridor. He said that funds will be allocated for the development of water, electricity, roads and highways for the industrial centers of Kopparthi and Orvakallu. He said that funds will be given to Kopparthi in the Visakha-Chennai corridor and Orvakallu in the Hyderabad-Bangalore corridor.
