
Andhra Pradesh CM Meets FM Sitharaman, Seeks Additional Funds Under SACSI
CM Naidu sought an additional Rs 5,000 crore under the Special Assistance to States for Capital Investment (SASCI) scheme, an official statement said.
During the meeting, the Chief Minister highlighted that so far, the state has received Rs 2,010 crore under the SASCI scheme.
According to a statement from the Chief Minister's office here, he submitted a representation seeking an additional allocation of Rs 5,000 crore for pending capital projects in the state.
The memorandum also requested necessary orders on the proposals submitted by the state government for the release of Rs. 250 crore under the Single Nodal Agency (SNA Sparsh) incentive scheme guidelines for the financial year 2024-25.
Welcoming the Purvodaya scheme announced by the Centre for the integrated development of eastern states, the Chief Minister said Andhra Pradesh would greatly benefit from it. He urged the Centre to finalise the modalities for implementing the scheme at the earliest.
The Chief Minister, who is on a day-long visit to the national capital, also called on the 16th Finance Commission's Chairman Arvind Pangariya.
CM Naidu was accompanied by Civil Aviation Minister K. Ram Mohan Naidu, Union Minister of State for Rural Development and Communications Chandra Sekhar Pemmasani, Telugu Desam Parliamentary Party (TDPP) leader Lavu Sri Krishna Devarayalu and other TDP leaders.
Naidu's Telugu Desam Party is a key partner in the BJP-led NDA government at the Centre.
The Chief Minister had called on Prime Minister Narendra Modi and several Union ministers, including Sitharaman, during his visit to the national capital last month.
During the meeting with Prime Minister Modi, the Chief Minister had sought financial handholding by the Centre to tide over the "acute scarcity of resources".
He said that the fiscal situation in Andhra Pradesh has deteriorated due to the previous government's "misadventures".

Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research

- Zebu Live 2025 Welcomes Coinbase, Solana, And Other Leaders Together For UK's Biggest Web3 Summit
- Ozak AI Partners With Pyth Network To Deliver Real-Time Market Data Across 100+ Blockchains
- Solotto Launches As Solana's First-Ever Community-Powered On-Chain Lottery
- Stocktwits Launches Stocktoberfest With Graniteshares As Title Partner
- Casper (CSPR) Is Listed On Gate As Part Of Continued U.S. Market Expansion
- VUBE Exchange Announces Unified Account Integration Across VUBE Pro, VUBE Plus, And VUBE Max
Comments
No comment