The Central government has disbursed ₹10,460.87 crore as compensation towards the revenue deficit. The funds have been released as part of the dues under the Andhra Pradesh Reorganisation Act, 2014.
The release of funds comes after a series of meetings between Chief Minister Y.S. Jagan Mohan Reddy and Prime Minister Narendra Modi. Mr. Jagan Mohan Reddy repeatedly pitched for the release of funds which were promised to the State at the time of bifurcation, Advisor to Government (Public Affairs) Sajjala Ramakrishna Reddy told the media at the Chief Minister’s camp office on Tuesday.
“During the meetings with the Prime Minister, Mr. Jagan Mohan Reddy insisted that the financial aid would accelerate the overall development of the State and ensure welfare for citizen,” he said.
