Andhra Pradesh has become the second State to undertake the power sector reforms stipulated by Ministry of Finance. The State has successfully implemented one out of the three stipulated reforms in the power sector.
Successful implementation of the reform has made the State eligible to mobilise additional financial resources equivalent to 0.15 percent of its Gross State Domestic Product (GSDP).
Accordingly, the Department of Expenditure has granted permission to the State to raise additional borrowing of Rs. 1,515 crore.
Besides Power Sector Reforms, Andhra Pradesh has also completed One Nation One Ration Card reform, Urban Local Bodies Reforms and Ease of Doing Business Reforms.
So far, the State has been granted permission to raise a total additional amount of Rs. 9,190 crore as incentive to carry out reforms in these citizen centric areas.