ALSO READAP CM Chandrababu Naidu wishes Jaganmohan Reddy on birthday Andhra CM holds teleconference for 'Janmabhoomi-Maa Vooru' programme Andhra CM declares 2018 as Telugu promotion year Andhra Pradesh to be positioned as education hub: Naidu AP CM extends Christmas greetings; prays to Lord Jesus Christ
Andhra Pradesh Chief Minister N Chandrababu Naidu wrote a letter to Union Finance Minister Arun Jaitley requesting that certain projects be funded in the form of "grant" by the Centre through the National Bank For Agricultural and Rural Development (NABARD), instead of loans from the external agencies.
"It was announced that the special assistance measures for Andhra Pradesh will be given by way of special dispensation in funding of Externally Aided Projects(EAP) and the Central Government will provide Special Assistance Measure (SAM) to Government of Andhra Pradesh, which would make up for the additional Central share the State might have received during 2015-16 to 2019-20, if the funding of Centrally Sponsored Schemes (CSS) would have been shared at the ratio of 90:10 between the Centre and the State", the letter reads.
The letter further stated that the special assistance will be provided by way of repayment of loan and interest for the Externally Aided Projects (EAPs) signed and disbursed during 2015-2016 to 2019-20 by the state.
"This should be applied to all the ongoing projects and projects to be signed till 2019-20", he added.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)