Investor Presentaiton

(5) Development Assistance to Backward Regions Kurnool Anantapur Cuddapah Chittoor Vijayanagaram Visakhapatnam Seven Backward Districts of Andhra Pradesh Srikakulam The total population of backward areas of AP is 2.52 Crore. If a per capita grant similar to Bundelkhand package at 2009 prices is made to the seven backward districts of North Coastal Andhra and Rayalaseema (including Markapur division of Prakasam district, which forms part of Rayalaseema), the grant should be of the order of Rs. 35,000 Crore at current prices adjusting for population and Budget Multiplier If, however, the adjustment is made for population and 5% inflation, then the grant to backward regions of Andhra Pradesh on par with Bundelkhand Package will be of the order of Rs. 25,000 Crore. The demand of AP Government is Rs. 24,350 Crore An amount of Rs.1,050 Crore has been disbursed so far over 3 years as special package for backward areas and a further amount of Rs.700 Crore would be paid in the coming years The Union should take steps on priority basis to implement the Special Package of Rs. 24,350 Crore in a time bound manner with a period of five years otherwise purpose will be defeated 17

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