It lays foundation for Andhra Pradesh's reconstruction: CM Naidu praises Budget

Chief Minister Chandrababu Naidu stated that his government is committed to the welfare development and good governance and the 202526 state Budget serves as the foundation for the reconstruction of Andhra PradeshState Finance Minister Payyavula Keshavulu introduced the 202526 budget for the state in the assembly on FridayAndhra Pradesh CM highlighted that despite financial challenges his government has been working tirelessly to restore systems weakened by the previous administrations destructive policiesWithin just eight months welfare initiatives such as pension hikes Anna Canteens and Deepam schemes have been implemented Additionally 74 out of 93 centrally sponsored schemes that were halted by the previous government have been restarted he said reacting to the BudgetThe Chief Minister asserted that the budget is not just about departmentwise allocations but a comprehensive effort to drive holistic developmentThis progressive Budget is designed to change the course of the state and has allocated significant funds to key sectors and welfare programs The proposed budget of Rs 322359 crore will act as a bridge to achieve the ten guiding principles of the Swarna Andhra 2047 Vision he notedAs part of poverty eradication efforts Rs 2000 crore has been allocated under the Viability Gap Fund for major infrastructure projects Publicprivate partnerships will also be encouraged for new developmental initiatives he pointed outCM Naidu said that in fulfilling electoral promises the Budget has made rational allocations for the Super Six schemes Notably Rs 6300 crore has been earmarked for the Annadata Sukhibhava scheme and Rs 9407 crore for the Thalliki Vandanam scheme he saidHe said that his government has placed a strong emphasis on uplifting weaker sections of societyIn line with this commitment Rs 47456 crore has been allocated for Backward Classes BC welfare in this budget Additionally Rs 1000 crore has been assigned for the implementation of the Adarana3 scheme providing further support to BCs A historic decision has been made to grant an additional Rs 50000 for housing construction for BC families the Andhra CM saidHe added that in keeping with electoral promises Rs 20000 per fisher folk will be provided as assistance during the fishing ban period with Rs 230 crore allocated for their financial supportChandrababu Naidu said that recognising the crucial role of Andhra Pradesh in Indias food security the government has allocated Rs 48341 crore to the agriculture sectorAdditionally Rs 18019 crore has been set aside for the critical water resources sector Key allocations include Rs 34311 crore for education Rs 20218 crore for SC welfare Rs 8159 crore for ST welfare and Rs 5434 crore for minority welfare CM Naidu saidStressing the need for rapid infra development he said that development drives revenue and revenue enables comprehensive welfare With this in mind the government has ensured robust allocations for infrastructure and industries Rs 8785 crore has been allocated for road development and Rs 3156 crore for the industries sector Adequate funds have also been assigned to key projects such as Polavaram Jal Jeevan Mission and Swachh Andhra he notedThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever