Centre Sanctions Record Rs 10,460 Crore Bifurcation Dues To Andhra Pradesh

The funds have been released as part of dues under the Andhra Pradesh Reorganisation Act, 2014.

Andhra Pradesh CM YS Jagan Mohan Reddy ( Image Source :ABP Desam )

The Central Government on Tuesday sanctioned the biggest-ever release of funds of Rs 10,460.87 to Andhra Pradesh crore as compensation towards its revenue deficit since its bifurcation in June 2014. The funds have been released as part of dues under the Andhra Pradesh Reorganisation Act, 2014.

According to an official statement, when the state was bifurcated to create Telangana, the total revenue deficit for the 2014–15 fiscal was Rs 22,948.76 crore. The amount released to Andhra Pradesh till last year was only Rs 4,117.89 crore, so this is a huge amount at one go as funds are usually released in small installments."

The release of funds comes after a series of meetings between Chief Minister YS Jagan Mohan Reddy and Prime Minister Narendra Modi this year, where the CM repeatedly urged for the release of funds that were promised to the state at the time of bifurcation.

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The state government said that these funds will be used to finance a variety of development projects, including infrastructure development on the one hand and welfare schemes including education, housing, and healthcare on the other.

YSR Congress Party (YSRCP) general secretary and advisor to the government, Sajjala Ramakrishna Reddy, stated that this compensation had been given only due to CM Jagan's persistence, determination, and credibility. He added that these funds were not only the right of the state government but also the responsibility of the central government.

Slamming TDP President Chandrababu Naidu, Ramakrishna Reddy said that the current development was a slap in the face of all those who questioned CM Jagan's frequent trips to Delhi. He reiterated that all of the CM's efforts were always to work for the people and improve their standard of living, and the Prime Minister paid heed to his sincerity and persistence.