Amaravati: The Chief Minister Chandrababu Naidu-led Telugu Desam Party (TDP) on Tuesday said "special allocations" were made to Andhra Pradesh in the Union Budget after five years, citing "commitments" announced for the Polavaram Project, industrial corridors and others.
In a post on 'X', the ruling party noted that Rs 15,000 crore funds were allocated for the reconstruction of Andhra Pradesh in fiscal 2024-25.
"Rs 15,000 crore for the reconstruction of Andhra Pradesh this fiscal, additional funds for Polavaram (Project) lifeline, funds for Vizag Chennai Industrial Corridor this year, and special funds for seven backward districts," said the party in the post.
Presenting the Budget for 2024-25 in the Lok Sabha, Union Finance Minister Nirmala Sitharaman said that the NDA government at the Centre has "made concerted efforts to fulfill the commitments" in the Andhra Pradesh Reorganisation Act, 2014.
Ms Sitharaman said, "special financial support" will be facilitated by the Union Government through multilateral agencies.
"Recognising the state's need for the capital, we will facilitate special financial support through multilateral development agencies. In the current financial year, Rs 15,000 crore will be arranged with additional amounts in future years," she said.
Without specifying the magnitude of funds or a timeline, the finance minister observed that the Centre is "fully committed" to financing and early completion of the Polavaram Project and termed it as the lifeline of Andhra Pradesh and its farmers.
According to Ms Sitharaman, the Polavaram Project, a mega-irrigation project on the Godavari River, will also facilitate food security for the country.
As part of the industrial development of the southern state under the Andhra Pradesh Reorganisation Act, 2014, she said funds will be provided for essential infrastructure such as power, water, and railways in the Kopparthi node of the Visakhapatnam Chennai Industrial Corridor.
Ms Sitharaman said a similar impetus will be extended to the Orvakal node of the Hyderabad Bengaluru Industrial Corridor.
Further, she emphasised that additional allocation will be provided this year towards capital investment for economic growth, without mentioning the specifics.
The finance minister promised grants as mentioned in the Andhra Pradesh Reorganisation Act, 2014 for backward regions in Rayalaseema, Prakasam and North Coastal Andhra regions.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)