Amaravati (Andhra Pradesh): The Andhra Pradesh cabinet on Wednesday decided to set up three entities to ensure better and effective services to various sectors including Agriculture.
The state cabinet, which met here under the Chief Minister Y S Jagan Mohan Reddy, resolved to establish Andhra Pradesh State Financial Services Ltd, AP State Agriculture Council and AP Green Energy Corporation Ltd.
The proposed AP State Financial Services Ltd will be a non-banking finance company rendering various economic services related to the state, Information and Public Relations Minister Perni Venkataramaiah (Nani) said.
Briefing reporters at the end of the Cabinet meet, Nani said modalities related to the proposed company would be worked out later.
"We have just taken a decision to establish the APSFSL. We will come out with other details soon," he added.
The proposed Agriculture Council would be a supervisory body over the agriculture and horticulture universities and colleges in the state.
The minister said the Green Energy Corporation would undertake generation of 10,000 MW of solar power.
An expenditure of a staggering Rs 35,000 crore to Rs 40,000 crore would be incurred on setting up the solar plants and power generation.
"With this we hope to get about 45 million units of power for our state's growing requirements, particularly the agriculture sector.