KACHARAGADLA

Andhra Pradesh accounts for almost 16% of total banks and financial institutions funded projects in 2015-16; Maharashtra second. Four states — Andhra Pradesh, Gujarat, Maharashtra and Tamil Nadu — accounted for more than 50 per cent of the projects funded by banks and financial institutions (FIs) in 2015-16, leaving more populated northern states far behind. Andhra Pradesh, which has embarked upon building infrastructure to develop a new capital and other infrastructure requirement following bifurcation of the state into Andhra Pradesh and Telangana, alone has accounted for almost 16 per cent of the total banks and financial institutions funded projects in 2015-16. According to a Reserve Bank of India (RBI) report on ‘Private corporate investment’, Maharashtra came second by bagging 14.8 per cent of the projects funded by banks and FIs. It was followed by Gujarat (14.5 per cent) and Tamil Nadu (9 per cent). In FY 2015-16, 41 banks and FIs sanctioned financial assistance