Andhra Pradesh Secures Major Funding Boost in FY24-25 Union Budget

Andhra Pradesh Chief Minister N Chandrababu Naidu expressed gratitude to the Central government for the Union Budget of FY24-25, which allocates significant funds for the state's capital, Polavaram project, and infrastructure in backward areas. Finance Minister Nirmala Sitharaman announced Rs 15,000 crore for these initiatives, aiming to foster development and industrial growth.

Andhra Pradesh Chief Minister N Chandrababu Naidu extended his thanks to the Central government for the Union Budget of fiscal 2024-25, which prioritizes the capital city, Polavaram project, industrial nodes, and the development of backward areas. Finance Minister Nirmala Sitharaman has promised Rs 15,000 crore as special financial support for the capital city, along with full commitments to the Polavaram project and infrastructural development in backward regions.

The Chief Minister emphasized that this support from the Centre is crucial for the rebuilding of Andhra Pradesh. “On behalf of the people of Andhra Pradesh, I thank Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman for recognizing the needs of our state in the Union Budget,” said Naidu in a post on X.

Complementing the Finance Minister, Andhra Pradesh IT and Electronics Minister Nara Lokesh described the budget allocations for industrial growth, infrastructure, irrigation, and other sectors as a 'new sunrise' for the state. “A special and holistic package has been provided, covering essential areas such as industrial growth, infrastructure, and irrigation,” Lokesh added, highlighting the importance of allocations for Amaravati and Polavaram as a red-letter day in the state's history.