Centre clears special aid to A.P State
Union Cabinet, chaired by Prime Minister Narendra Modi, approved ‘Special assistance measure’ for the successor State of A.P. by way of special dispensation in funding of Externally Aided Projects (EAPs) and funding of the irrigation component of the Polavaram project.
The Centre will provide special assistance measure to A.P., which would make up for the additional Central share the State might have received during 2015-16 to 2019-20. The special assistance will be provided by way of repayment of loans and interest for the EAPs signed and disbursed during 2015-2016 to 2019-20 by the State
On the Polvaram project, it said the Centre would provide 100% funding for the irrigation component. The A.P. government would execute the project. However, the overall coordination, quality control, design issues, monitoring, clearances-related issues. etc, are to be discussed.