Centre Assures Full Support for Amaravati’s Development

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Centre Assures Full Support for Amaravati’s Development

The Central Government has made a significant announcement regarding financial assistance for the construction of Amaravati, the capital of Andhra Pradesh. The Ministry of Finance confirmed that the Centre is fully supporting Amaravati’s development and is helping secure loans for its construction.

In a written response to a question from a YSR Congress Party (YSRCP) member in the Lok Sabha, Minister of State for Finance Pankaj Chaudhary clarified that loans taken from institutions like the World Bank and the Asian Development Bank for Amaravati’s construction will not be counted as part of Andhra Pradesh’s debt obligations. Additionally, these loans will not be included within the state’s borrowing limits.

This assurance is expected to provide significant relief to the state government and accelerate Amaravati’s development.

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