The National Bank for Financing Infrastructure and Development (NaBFID) has sanctioned a Rs 7,500 crore loan to the Andhra Pradesh Capital Region Development Authority (APCRDA) for developing infrastructure in Amaravati.

The funds will be used for infrastructure works on land acquired through the Land Pooling Scheme (LPS), involving 29 villages. This includes the construction of roads, drains, water pipelines, and streetlights, with works set to begin on November 21. The loan aims to accelerate the development of basic amenities and construction in the capital city, ensuring rapid progress in Amaravati's infrastructure.

The loan was formally handed over in a ceremony attended by Chief Minister N Chandrababu Naidu and Municipal Administration Minister P Narayana. The support is expected to play a key role in transforming Amaravati into a world-class city with modern infrastructure.