On 16.07.2015, India and World Bank signed a finance agreement of US$ 250 million for Andhra Pradesh Disaster Recovery Project. The agreement is for an implementation period of 5 years. The objective of the project is to provide direct and indirect benefits to the State of Andhra Pradesh and restore, improve and enhance resilience of public services, environmental facilities, and livelihoods in targeted communities of Andhra Pradesh. The project also aims to increase the capacity of the State to respond promptly and effectively to an eligible crisis or emergency.
-Ministry of Finance