AP cabinet decides to form three new financial corporation
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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.
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