Centre’s biggest ever Rs 10,461 cr release to AP after bifurcation

 Tadepalli (AP): In what will accelerate Andhra Pradesh’s development further, the Modi Government at the Centre on Tuesday disbursed a staggering amount of Rs 10,460.87 crore as compensation for the revenue deficit.


The funds were released as part of dues under the Andhra Pradesh Reorganisation Act, 2014. The release of funds comes after a series of meetings between Chief Minister YS Jagan Mohan Reddy and Prime Minister Narendra Modi where CM Jagan repeatedly pitched for the release of funds that were promised to the state at the time of bifurcation.


During the meetings, he also insisted that this financial aid would accelerate overall development in the state and ensure welfare for every citizen.


Mahendra Chandelia, Assistant Director at the Ministry of Finance directed that the release of Rs 10,460.87 crore be done immediately under the ‘Special General Financial Assistance’ category, as part of the revenue deficit in the financial year 2014-15.


What is more surprising is that the Centre which usually releases funds in instalments, had released that huge amount in one go. However, this is the first time that such a huge grant has been released in one go. It is the biggest ever grant since bifurcation. These funds will be used to finance a variety of development projects, including infrastructure development on one hand and welfare including education, housing, and healthcare schemes on the other.


It’s CM’s persistence, says Sajjala Ramakrishna Reddy: Expressing happiness over the grant of funds, Advisor to the state government, Sajjala Ramakrishna Reddy, stated that this compensation had been sanctioned only due to CM Jagan’s persistence, determination and his credibility. He added that these funds were not only the right of the State Government but also the responsibility of the Central Government.

Taking the opportunity to slam TDP Chief Chandrababu Naidu, Sajjala Ramakrishna said that the current development was a slap on the face of all those who questioned CM Jagan’s frequent trips to Delhi. He reiterated that all of CM Jagan’s efforts were always to work for the people and improve their standard of living and the Prime Minister had no choice but to pay heed to CM Jagan’s multiple requests.


Calling out the failures of the TDP regime, Sajjala Ramakrishna said, ‘During his regime, Naidu failed to convince the Centre to release the rightful dues to the state. Today, he and his aides are unable to digest the fact that funds are flowing into the state effectively. So now, instead of rejoicing the people, they will spend all their energy on spreading poison and fake news. There is absolutely no cure for their jealousy.


The lack of cordial ties with the Centre during the TDP government and the lack of any inflow of funds from the Centre from 2014-2019 is proof of Chandrababu’s absolute incompetence.


Despite being an alliance partner, Chandrababu held the state hostage for his interests and failed at getting funds for the state. Today, people’s CM has won. CM Jagan has done what no one else ever could manage. And all this is for only one objective – that to ensure that no citizen is left behind in Andhra Pradesh’s development story.’