Andhra Pradesh Government is gearing up to issue bonds to fund the expenses of Amaravati. People can purchase these bonds which will have some lock-in period and will give good interest. The state government has written to the center to make these bonds as Tax-Free Bonds.
Any amount invested in these bonds will be totally Tax-Free. ‘Amaravati Infrastructure Bonds’ in such case will be beneficial for the cause of the state government as well as the buyers. It has to be seen if the central government will allow that.
The state government is keen on aggregating 10000 Crore by this way. The Central Government previously extended Tax Exemption to the farmers who gave their lands for Amaravati Land Pooling. It has to be seen if the Center will be kind enough once again.
