The special financial package announced by the Centre for Andhra Pradesh on Wednesday will help the state become self-sufficient, Union Information and Broadcasting Minister Venkaiah Naidu said. “Center is treating AP as a special state and a special package has been given and it’s a continuous process till state becomes self sufficient,” the minister said in a tweet.
“Extremely grateful to Prime Minister & Finance minister for giving best possible solution for speedy and all round development of Andhra Pradesh,” he said in another tweet.
Finance Minister Arun Jaitley announced the special package for the state at a late night press conference. It includes full funding of Pollavaram irrigation project, tax concessions and a special assistance.
Andhra Pradesh, which financially suffered because of creation of separate state of Telengana in June 2014, will get a railway zone as also all cost incurred on the irrigation part of Pollavaram project from the date it was declared a National Project on April 1, 2014 will be funded by the Centre.