Andhra Pradesh Chief Minister Chandrababu Naidu urges Centre to provide ₹10,000 crore under SASCI, revenue deficit compensation
During a meeting held on the second day of his visit to New Delhi on Wednesday, Mr. Naidu submitted a representation seeking financial assistance for various key projects. He requested the Centre to accept Andhra Pradesh's appeal to the 16th Finance Commission for revenue deficit compensation, highlighting the continued financial strain caused by the bifurcation of the State.
Mr. Naidu emphasised that the State still grappled with limited financial resources, which was affecting its developmental aspirations.
The Chief Minister informed Ms. Sitharaman that while the estimated cost for the construction of the new capital Amaravati stood at ₹79,280 crore, works worth ₹44,351 crore had already been initiated. Of this, ₹26,000 crore had been mobilised so far.
Mr. Naidu urged the Centre to release the next tranche of funds as a grant rather than a loan. He also expressed gratitude to the Union Government for its continued support to major infrastructure projects such as Amaravati and Polavaram irrigation project.
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