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Andhra Pradesh Cabinet OKs ₹4,451 Cr Loan Guarantee for PMAY

AMARAVATI: On Wednesday, the Andhra Pradesh Cabinet sanctioned a government guarantee to APTIDCO for a loan exceeding Rs 4,000 crore to construct housing units and related infrastructure under the Pradhan Mantri Awas Yojana (PMAY). Additionally, the Cabinet approved the enhancement of Piduguralla Government Medical College through a Public-Private Partnership (PPP) model. A press release stated, “The Cabinet has agreed to provide a government guarantee to Andhra Pradesh Township and Infrastructure Development Corporation for a loan of Rs 4,451 crore aimed at constructing housing units and associated infrastructure under PMAY.” Recognizing athlete Jyothi Yarraji’s achievements, the Cabinet also approved a grant…

IndustryLatest Stories

Andhra Pradesh Cabinet Approves 16,666 Acres for Amaravati

Observing the construction of the Amaravati Outer Ring Roads amidst a growing real estate landscape, representing progress. AMARAVATI: The Cabinet of Andhra Pradesh, led by Chief Minister N Chandrababu Naidu, has approved the second phase of the land pooling scheme for Amaravati, which involves pooling 16,666 acres. The land will be sourced from seven villages in the capital region: Vaikuntapuram, Pedda Madduru, Endrai, Karlapudi, Vaddamanu, Harishchandrapuram, and Peddaparimi. Information and Public Relations Minister K Parthasarathy announced that the Cabinet has authorized the Andhra Pradesh Capital Region Development Authority (APCRDA) Commissioner to proceed with the pooling of 16,666.57 acres from these…