Andhra Pradesh gets nearly 2,000 crore Central grant over Bifurcation

Mangalore Today News Network

New Delhi Aug 18, 2016 :  The government has decided to provide a "special assistance" of Rs.1,976.5 crore to Andhra Pradesh to "compensate the financial impact arising out of the bifurcation".

 

This this includes a Rs.350 crore special grant to seven backward districts across the Rayalaseema and North Coastal region and Rs. 450 crore to help build a new capital city, the government said.

Hyderabad -- the joint capital of the Andhra Pradesh and the newly carved Telangana -- goes to the latter after a decade.  By the time, Andhra Pradesh is expected to have a new capital, for which work has already started.