Jagan Mohan Reddy urges PM Modi to ease Andhra Pradesh credit limit
Andhra Pradesh CM Jagan Mohan Reddy met Prime Minister Modi in Delhi and asked the Center to ease the credit limit as the state had suffered huge revenue loss due to bifurcation and Covid.
Jagan Mohan Reddy with Prime Minister Narendra Modi. (Photo: NNA)
Andhra Pradesh Chief Minister YS Jagan Mohan Reddy on Tuesday urged Prime Minister Narendra Modi to change the credit limit for Andhra Pradesh as the state suffered a huge revenue loss due to bifurcation and of the Covid pandemic.
The Chief Minister met Prime Minister Modi in Delhi today. Along with the request for credit limit easing, Reddy asked the Center to approve revised estimates for the Polavaram project, which is pegged at over Rs 55,000 crore.
According to Jagan Mohan Reddy, the state suffered a revenue loss of Rs 33,478 crore due to Covid and an additional Rs 7,130 crore had to be spent on infection prevention and treatment.
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He further stated that the procedure followed for the identification of beneficiaries under the National Food Security Act is flawed and unfair to the state. Reddy also alleged that Telangana power companies owned Andhra Pradesh Generation Corporation Limited (APGENCO) for a sum of more than Rs 6,000 crore.
Reddy has sought the Center’s intervention to ensure dues are paid by the neighboring state as AP power distribution companies reel from a severe financial crisis.
Apart from the Polavaram project, the chief minister also raised questions regarding the Kadapa steel plant and sought approval of site permission for Bhogapuram International Airport near Visakhapatnam as it has expired.