The Union Ministry of Finance has approved the proposal for sanctioning an additional amount of ₹12,911.15 crore for funding the ongoing Polavaram irrigation project across the Godavari in Andhra Pradesh.
Recently, the Union government released an amount of ₹10,460.87 crore towards bridging the revenue deficit gap for the 2014-15 financial year.
In an office memorandum dated June 5, 2023, L.K. Trivedi, Director (PFC-1 Division) at the Department of Expenditure, Ministry of Finance, approved the proposal for releasing ₹12,911.15 crore for the Polavaram project.