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Budget 2024: Modi Govt Announces ₹15,000 Crore Development Package For Andhra Pradesh

Budget 2024: Modi Govt Announces ₹15,000 Crore Development Package For Andhra Pradesh

BusinessToday.In
BusinessToday.In
  • New Delhi,
  • Jul 24, 2024,
  • Updated Jul 24, 2024, 11:47 AM IST

In her budget speech, Finance Minister Nirmala Sitharaman announced a substantial ₹15,000 crore package for Andhra Pradesh, encompassing a range of developmental projects. This funding includes financial support for the state's new capital, Amravati, and full central financing for the Polavaram project, along with additional allocations for multiple other projects. This initiative aims to enhance infrastructure, create employment opportunities, and foster overall growth in Andhra Pradesh. The package serves as a replacement for the special status demand and has been welcomed by the ruling TDP, which expressed gratitude towards the Modi government. However, the opposition criticized the move, labeling it a "Pradhan Mantri Sarkar Bachao Yojana," implying that it is a strategy to secure political support. The special package underscores the importance of TDP's support for the stability of the Modi government.

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