17.10.18 Andhra Pradesh (APPSC) Daily Current Affairs

ANDHRA PRADESH

  • Bonds soon to meet power subsidy to agriculture connections

 

  • The State government’s subsidy bill towards agricultural connections is on the rise during the last four years with the demand for connections increasing significantly. It has to foot a subsidy bill of about ₹6,030 crore during the current fiscal. As the budgetary allocations do not match the demand, it is contemplating issuing bonds in near future.

 

 

  • The Andhra Pradesh Power Finance Corporation would pay ₹4,000 crore through the budgetary allocation. And the Corporation would have to raise the bonds for the rest. The State government stands guarantee to it. Of the subsidy amount, the APSPDCL would get ₹4,937 crore and the APEPDCL ₹1,093 crore.

 

  • The government has already given 2,69,303 agriculture connections.

 

  • The number of connections across the State stands at 17.20 lakh. And, more than 1.79 lakh applications were received so far. Of this, 23,776 services were released and the remaining were being released in a phased manner.

 

 

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