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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.
Financial assistance under Section 46(2) bridges Andhra Pradesh resource gap; balance released by central government to state. Pursuant to the reorganisation Act provision, the Ministry of Finance allocated financial support to Andhra Pradesh to bridge the 2014-15 resource gap, issuing an initial ad hoc grant and later releasing the balance of the authorised assistance at the end of the financial year to complete the allocation.Press 'Enter' after typing page number.