₹31,005.47 crore released to Andhra Pradesh under SASCI scheme

The question asked the Ministry of Finance to state the status of fifty-year interest-free capital loans to Andhra Pradesh under the SASCI scheme, including details on disbursement conditions, earmarking for Amaravati, and financial remediation for the infrastructure deficit arising from the 2014 state bifurcation.

Asked and answered by: Asked by Shri P V Midhun Reddy; Answered by the Ministry of Finance (Department of Expenditure).

What the government said

• Rs. 31,005.47 crores released to Andhra Pradesh under SASCI since 2020-21.
• Loan disbursement is based on the submission of complete proposals by the State Government as per scheme guidelines.
• No portion of SASCI funds has been specifically earmarked for Amaravati capital construction, though the State is free to propose such projects.
• The entire audited revenue deficit of Rs. 16,078.76 crores for FY 2014-15 (year of bifurcation) has been released to the State.
• The entire Revenue Deficit Grant of Rs. 22,112 crores recommended by the 14th Finance Commission for 2015-16 to 2019-20 has been released.
• The entire Revenue Deficit Grant of Rs. 36,394 crores recommended by the 15th Finance Commission for 2020-21 to 2025-26 has been released.

Also in the document

• The answer states that no specific portion of the SASCI scheme has been earmarked for Amaravati capital construction.
• The government asserts that the entire audited revenue deficit for the year of bifurcation (2014-15) and all subsequent Finance Commission-recommended revenue deficit grants have been fully released to the State.