Sitharaman urged to extend capital expenditure allocations for A.P. to ₹13.5 lakh crore

Chairperson of the Twenty Factors Program, Lanka Dinakar. File
| Picture Credit score: T. Vijay Kumar

Twenty Factors Programmes Implementation (Vikasit Bharat 2047 and Swarnana Andhra 2047) Chairperson Lanka Dinakar submitted a memorandum to Union Finance Minister Nirmala Sitharaman in New Delhi on December 18 (Wednesday), searching for steps to proceed the assist of Central authorities to Andhra Pradesh.

Within the memorandum, Mr. Dinakar requested Ms. Sitharaman to extend the capital expenditure allocations to ₹13.50 lakh crore within the upcoming price range.

For long-term interest-free loans to states for capital expenditure, an allocation between ₹2 lakh core to ₹2.50 lakh crore was essential. Permit the extra interest-free long-term loans for irrigation tasks within the drought-prone areas, significantly within the backward districts, he mentioned.

Mr. Dinakar burdened the necessity for particular allocations below Centrally sponsored schemes for talent growth. For the implementation of PM Gati Shakti yojana, one other alternative for the States ought to be supplied with further allocations of ₹10 lakh crore to ₹15 lakh crore.

‘Purvodaya’ scheme

Underneath the “Purvodaya” scheme, a deliberate allocation of at the very least ₹50,000 crore is required for 5 States with a Central, State, and personal partnership mannequin, much like the PM Gati Shakti, he mentioned. 

Urging the Union Finance Minister to proceed assist for the Amaravati and Polavaram tasks, Mr. Dinakar expressed gratitude for recognising Prakasam district as a backward district. “An help of ₹350 crore over seven years was looked for Prakasam district as was accomplished for different backward districts,” he added.