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Naidu, Sitharaman to Launch ₹1 Lakh-Crore Rayalaseema Horticulture Hub
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CNBC TV18•23-09-2026, 16:16
Naidu, Sitharaman to Launch ₹1 Lakh-Crore Rayalaseema Horticulture Hub
- •Andhra Pradesh Chief Minister N Chandrababu Naidu and Union Finance Minister Nirmala Sitharaman will lay the foundation stone for the ₹1 lakh crore Rayalaseema Horticulture Hub in Madanapalle on October 2.
- •The central government will contribute ₹40,000 crore under the Purvodaya scheme, with an additional ₹60,000 crore expected from private investment.
- •The project aims to boost horticulture in drought-prone areas across Rayalaseema, Prakasam, and Nellore districts, strengthening the agricultural economy and improving farmers' incomes.
- •The foundation stone for the Indian School of Agriculture, established by Reliance, will also be laid at the Madanapalle event, offering high-standard agricultural education.
- •CM Naidu will participate in various programs from September 29 to October 3, including the Karmayogi Mission, Palle Panduga, distribution of house-site pattas and pensions, Swachha Andhra, and the Pan-IIT Conference.
Key Questions Answered
Andhra Pradesh Chief Minister N Chandrababu Naidu and Union Finance Minister Nirmala Sitharaman will jointly lay the foundation stone for the ₹1 lakh crore Rayalaseema Horticulture Hub at Madanapalle in Annamayya district on October 2.
The project is worth ₹1 lakh crore, with the central government providing ₹40,000 crore under the Purvodaya scheme and the remaining ₹60,000 crore expected through private investment.
The foundation stone for the Indian School of Agriculture, established by Reliance to offer high-standard education and training in agriculture, will also be laid during the event.
