Central Government Provides Financial Support worth ₹ 2303 Crore to Andhra Pradesh to Bridge Resource Gap of Financial Year 2014-15; Balance amount of ₹ 1803 Crore Released on 31.3.2015 for the Purpose

In pursuance to Section 46(2) of the Andhra Pradesh Re-organisation Act 2014. The Ministry of Finance, Government of India has decided to provide financial support of ₹ 2303 crore to Government of Andhra Pradesh to bridge the resource gap of the Financial Year 2014-15. Ministry of Finance had earlier released an amount of ₹ 500 crore as an adhoc grant to bridge the resource gap. Now, an additional/balance amount of ₹ 1803 crore has been released for this purpose on 31st March, 2015.