AP gets Rs.1000 crore special assistance from Centre

• Andhra Pradesh will get a special financial assistance of Rs 1,000 crore for the current financial year from the central government.
• The centre has announced such special financial assistance to AP after the demand of state’s CM, N Chandrababu Naidu under the state reorganisation Act.
• Of the total financial assistance, Rs 350 crore is special assistance for the development of seven backward districts covering Rayalaseema and North Andhra, Rs 350 crore for the construction of the new capital city Vijayawada and Rs 300 crore for Polavaram project.
• A tax incentive has also been provided in the Finance Act, 2015.