Budget 2024: ₹15,000 crore financial package to develop Andhra Pradesh’s capital city Amaravati
4 months, 4 weeks ago

Budget 2024: ₹15,000 crore financial package to develop Andhra Pradesh’s capital city Amaravati

Hindustan Times  

Presenting her seventh consecutive Budget, Union Finance Minister Nirmala Sitharaman on July 23 announced a special financial support package of ₹15,000 crore for development of Andhra Pradesh’s new capital city during the financial year 2024-25. Presenting the Union Budget 2024-25, FM Nirmala Sitharaman announced a ₹ 15,000 crore financial package for development of Andhra Pradesh's new capital city Amaravati “Recognizing the state’s need for a capital, we will facilitate special financial support through multilateral development agencies. Centre's assistance likely to boost real estate sector in Andhra Pradesh "The first phase of Amaravati’s development requires ₹50,000 crore over a period of three years. Infrastructural development activity in and around Amaravati is expected to benefit a host of ancillary industries, including the real estate sector in Andhra Pradesh, experts said.

History of this topic

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