The Centre has proposed an outlay of Rs 26,000 crore for various road projects in Bihar as part of the Budget for 2024-25. Finance Minister Nirmala Sitharaman announced that the Union government will arrange financial assistance for Bihar through aid from multilateral development agencies. Additionally, the government plans to set up airports, medical colleges, and sports infrastructure in the state.
A new plan, ‘Purvodaya,’ will be formulated for the all-round development of Bihar, Jharkhand, West Bengal, Odisha, and Andhra Pradesh. The Centre also aims to support the industrial corridor for development in the eastern region. Furthermore, the government will provide e-vouchers directly to 1 lakh students each year with an interest subvention of 3 per cent on loan amounts.
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Thu17 Oct. 2024
Development Boost for Andhra Pradesh
The government has announced measures for the development of Andhra Pradesh, including arranging Rs 15,000 crore for the capital city’s development in the current and future fiscal years. Presenting the Union Budget 2024-25, Finance Minister Nirmala Sitharaman stated that the government would facilitate special financial support for the state’s capital city.
The Centre has allocated over Rs 3 lakh crore for schemes benefiting women and girls and is committed to the completion and financing of the Polavaram irrigation project. A backward region grant has also been announced for three districts of Andhra Pradesh.
The Telugu Desam Party (TDP), a key ally of the BJP, has consistently protested for special category status for Andhra Pradesh since 2014. This status provides regions with special assistance in the form of tax benefits and financial support for development.
