Andhra Pradesh gets Special assistance measure

     Written by : SMTV24x7 | Thu, Mar 16, 2017, 11:33 AM

Andhra Pradesh gets Special assistance measure

Amaravathi March 16: Andhra Pradesh gets the Special assistance measure here on Wednesday by The Union Cabinet.

Here in depth into matter, The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved 'Special assistance measure' for Andhra Pradesh by way of special dispensation in funding of Externally Aided Projects (EAPs) and funding of irrigation component of Polavaram project.

A statement by the Union Government here spelled out the modalities for implementation of the announcements for providing Central assistance to the State.

According to the announcement, 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.