ap package 15032017 3

CENTRAL CABINET APPROVES SPECIAL ASSISTANCE FOR ANDHRA PRADESH, INCUNDING OF

  • EXTERNALLY AIDED PROJECTS
  • IRRIGATION COMPONENT OF POLAVARAM PROJECT

The Central Government will provide special assistance measure to Government of Andhra Pradesh, which would make up for the additional Central share the State might have received during 2015-16 to 2019-20, if the funding of Centrally Sponsored Schemes (CSS) would have been shared at the ratio of 90:10 between the Centre and the State. The special assistance will be provided by way of repayment of loan and interest for the Externally Aided Projects (EAPs) signed and disbursed during 2015-2016 to 2019-20 by the State.

Funding of 100% of the remaining cost of the irrigation component only of the Polavaram project for the period starting from 1.4.2014, to the extent of the cost of the irrigation component on that date. Andhra Pradesh Government will execute the project on behalf of Government of India. However, the overall coordination, quality control, design issues, monitoring, clearances related issues etc. are to be dealt by the Polavaram Project Authority of Ministry of Water Resources, River Development & Ganga Rejuvenation.

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Finally Big News for Andhra Pradesh Last Updated: 15 March 2017

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