AP cabinet decides to form three new financial corporation
The Andhra Pradesh cabinet met on Monday and took some important decisions. The cabinet decided to form three new financial corporations for the three sub-castes in the BC list.
This financial corporation will be formed for the Mudiraj/Mutrasi/Tenugolla castes, Toddy tappers and Nagaralu-Nagavamsa castes. The corporation will be responsible for the welfare of the respective caste and will receive around 10 crores for the same.
With this, the government has created a financial corporation for 85 castes so far and has also asked the apex body of the BC corporation to do justice for the remaining 54 sub-castes in the BC lists which doesn't come under corporation limits.