Finance Minister Nirmala Sitharaman Announces Rs 15000 Crore for Andhra Pradesh’s Capital Amravathi
Finance Minister Nirmala Sitharaman has announced that the central government will provide Rs 15000 crore for the building of Andhra Pradesh’s capital, Amravathi, in the current financial year. This announcement was made during her Budget speech in Parliament.
Commitment to Andhra Pradesh Reorganisation Act
Sitharaman stated that the government is committed to fulfilling the commitments in the Andhra Pradesh Reorganisation Act. This includes special financial support to multilateral development agencies and additional funds in future years.
Polavaram Project
The Finance Minister also emphasized the government’s commitment to the early completion of the Polavaram irrigation project, which is crucial for Andhra Pradesh and its farmers. This project will help ensure food security in the country.
Infrastructure Development
Under the Andhra Pradesh Reorganisation Act, funds will be provided for essential infrastructure such as water, power, railways, and roads to promote industrial development in the state.
Industrial Corridors
Additional allocations were announced for capital investment in the Visakhapatnam-Chennai Industrial Corridor and the Hyderabad-Chennai Industrial Corridor. Specific nodes like Koparthy and Orvakal will receive these funds to boost economic growth.
Grants for Backward Regions
Sitharaman also acknowledged the need for grants to backward regions in Andhra Pradesh, including Rayalseema, Prakasam, and North Coastal Andhra, as stated in the Andhra Pradesh Reorganisation Act.
The announcements come as the National Democratic Alliance, with the Telugu Desam Party as a crucial partner, has recently been elected to power in Andhra Pradesh.
Doubts Revealed
Finance Minister -: The Finance Minister is a person in the government who is responsible for managing the country’s money and finances. In India, this person is Nirmala Sitharaman.
Nirmala Sitharaman -: Nirmala Sitharaman is an important leader in India who manages the country’s finances. She decides how the government should spend and save money.
Rs 15000 Crore -: Rs 15000 Crore is a very large amount of money. In India, ‘Rs’ stands for Rupees, which is the currency used. One crore is equal to ten million, so 15000 crore is a huge sum.
Andhra Pradesh -: Andhra Pradesh is a state in the southern part of India. It has many cities and towns, and the government is working to build its capital city, Amravathi.
Amravathi -: Amravathi is the planned capital city of Andhra Pradesh. The government is investing money to build and develop this city.
Polavaram project -: The Polavaram project is a big construction project in Andhra Pradesh. It involves building a dam to help with water supply and irrigation.
Andhra Pradesh Reorganisation Act -: The Andhra Pradesh Reorganisation Act is a law that was made when the state of Andhra Pradesh was divided to create a new state called Telangana. This law includes promises for development in Andhra Pradesh.
Visakhapatnam-Chennai Industrial Corridor -: The Visakhapatnam-Chennai Industrial Corridor is a planned route for industries and businesses between the cities of Visakhapatnam and Chennai. It aims to boost economic growth in the region.
Hyderabad-Chennai Industrial Corridor -: The Hyderabad-Chennai Industrial Corridor is another planned route for industries and businesses, this time between Hyderabad and Chennai. It is also meant to help the economy grow.
grants for backward regions -: Grants for backward regions are special funds given by the government to areas that are less developed. This money helps improve infrastructure and living conditions in those regions.