Polavaram Project, Polavaram Project Funds, Polavaram Project Funds Release, Polavaram Project Central Funds Release, AP Polavaram Project Central Govt Funds Release, Polavaram Project 935 cr Funds Release, Polavaram Project Central Government Funds Release, Center had released 100 Crore for Polavaram for this financial year. The money reached Polavaram authority and will be diverted to the state government in a couple of days. This 100 Crore is what was allocated in the Union Budget for 2016-17. This takes the total Center’s assistance to this project till date to 935 Crore.

In fact, Polavaram is recognized as Accelerated Irrigation Benefit Project which means Center should bear 25% expense of the project. Between 2008 and 2014, Center should reimburse 836 Crore spent by AP government. So far, only 562.47 Crore is given. The remaining 273.53 Crore is pending till date. That takes the total funding by center till date t0 1397.47 Crore.

As per the expense till date, the Center had to give 1800 Crore more to the project only when we consider the amount spent by the state government on this project. Earlier Center promised to reimburse whatever the state government spent but could not live up to it and then recently tried to create confusion by saying only 70% expense will be funded.

To cover up that, they started bringing up the proposal of NABARD loans but then there are feelers that center is trying to burden the state by adding these loans to its account and FRBM limits. That means the center will stay away from funding the national project and is trying to put the burden on to the already financially burdened state.

Polavaram Multi-Purpose Irrigation Project comes with a total capacity of 194 TMC which will irrigate about Five Lakh Acres over Two Crops Every year. The Project will also generate 960MW of Hydel Power which is the cheapest available power in the market right now. Hence the project is said to be very beneficial for the state and is treated as the ‘Life Line’.