Yanamala presents tax-free budget- Rs 1000 cr for Kapu Corporation

Yanamala-budget-2016Presenting a Rs 1,35,688 crore tax-free budget for the year 2016-17, which is 2013% more than that of last year, AP Finance minister has pegged revenue deficit Rs. 4868 crore. Anticipating a 10.9%
growth in the next fiscal, he said Rs 3512 crore for loan waiver scheme and earmarked Rs 1500 crore for taking up construction works for Amaravati. He has also allocated Rs 3660 crore

Bowing to the pressures of Kapu community, he allocated Rs 1000 crore for their welfare for next year. This was one of the demands put forward by Mudragada Padmanabham, Kapu leader. Giving a major boost to the construction activity, the government has decided introduce free sand policy, he said.

Sectoral Allocations:

Kapu Corporation       1000 crore
Polavaram Project      3660 crore
Amaravati                    1500 crore
Agriculture                   5838 crore
Rural Development     4467 crore
Primary Education:      17502 crore
Irrigation:                      7325 crores
BC welfare                     2832 cr
Land Administration:  3119 crore
Road Grid                      3184crore
Fibre Grid                      320 crore
For Minority welfare     710 crore
Housing                           1132
IT sector                         360 crore
Drought mitigation        50 crore
Food processing             100 crore
Krishna Pushkaralu       250 crore
Brahmin Corporation     65 crore
Law and Order               4785 crore
Pensions                           2998 crore
Youth empowerment     240 crore
SC Corporation               8724 crore
ST corporation                3100 crore
Women empowerment  642 crore
Higher Education            2642 crore
ICDS                                  772
Medical and Health         2993 crore
Handloom                         127 crore
Income from mines sector 1672 crore
Tourism                                 227 crore

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