We have recently updated that World Bank has turned down the loan process for building the new capital Amaravathi. This is now making the farmers have sleepless nights. Earlier, farmers have given their lands to the TDP government for building the new infrastructure of state under the Land Pooling Scheme (LPS). The land that was taken with the scheme was prepared under a dedicated law that the state government had passed in 2014, called the Andhra Pradesh Capital Region Development Authority (APCRDA) Act.
This act says, those who own the land under the LPS of the capital region, could voluntarily give their lands which would be returned to the owner of the land as a developed plot. Now, the World Bank has officially declared on its website that loan proposal of whopping Rs 2,000 Crores for Amaravati Sustainable Infrastructure and Institutional Development Project has been dropped. This is taking the landowners in a baffled state as they are worried about the lands they gave during the TDP ruling as most of the work in the region is standing still now. Few believe Jagan government will help them and few are hoping that the land value would remain high irrespective of the capital building because lands are just 10-12 kilometers away from Vijayawada city and it is just 25 minutes to reach the city.
However, the decision of the YSRCP government is still awaited.