Big Boost for Polavaram | Centre Releases 1508 Crore Advance for Project

Описание: The Government of India has released ₹1,508 crore as the third tranche of advance funds for the Polavaram Project in Andhra Pradesh.

In the current Union Budget, the Centre allocated ₹5,936 crore for the national irrigation project. However, since earlier advance funds were already spent by March this year, the allocation for the current financial year has been revised to ₹3,017.40 crore.

Officials from the Polavaram Project Authority requested the third installment after 80% of previously released advance funds were utilized.

The Centre has imposed a condition that the newly released ₹1,508 crore must be spent before March 15, after which the remaining funds from the budget allocation will be released.

Since the formation of the National Democratic Alliance government in Andhra Pradesh, the Centre has released ₹7,020 crore for the Polavaram project.

During the 2024-25 financial year, two installments totaling ₹5,512.40 crore were provided as advance funding. The upcoming Union Budget for 2025-26 has earmarked ₹3,320 crore for the project.

The Polavaram Project is considered one of the most important irrigation and multipurpose projects in Andhra Pradesh, aimed at improving water supply, irrigation, and flood control across several districts.

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