Amaravati Becomes India’s First Integrated Financial City

Amaravati Declared India’s First Integrated Financial City: A New Hub for Banking & Economic Growth

Amaravati has officially been recognised as India’s first Integrated Financial City , creating a landmark moment in the country’s financial infrastructure planning. The announcement was made by Union Finance Minister Nirmala Sitharaman , who joined Chief Minister N. Chandrababu Naidu in inaugurating construction works for multiple public sector banks and financial establishments. The project signals a strong push to revive Amaravati’s role as a futuristic capital and anchor economic growth in Andhra Pradesh.

Foundation for a Unified Financial Hub

The proposed Financial City will centralise major national financial institutions within a single master-developed zone. Sitharaman highlighted that Amaravati offers a unique advantage—being built as a capital from scratch—allowing banks to design modern campuses suited for digital banking, fintech integration and global operations. Construction has already commenced for several institutions, strengthening confidence in the long-stalled capital project.

Major Institutions Joining the Financial District

The cluster will include major PSUs such as SBI, Union Bank of India, Bank of Baroda, Indian Bank, NABARD, LIC, New India Assurance, AP Grameena Vikas Bank and others. Once operational, the ecosystem is expected to generate 6,500+ direct jobs , with thousands more in supporting services, technology and construction sectors.

Government Push for Inclusive Financial Growth

The finance minister acknowledged the crucial role of farmers who contributed land for the capital’s development and urged banks to increase agricultural credit flow. She encouraged financial bodies to expand support beyond loans and drive capital access for horticulture, micro-industry and rural enterprise segments.

Exam Oriented Facts

• Amaravati is India’s first designated Integrated Financial City .

• 15+ nationalised banks and financial PSUs have begun campus development.

• The project will create over 6,500 direct employment opportunities .

• Focus areas include farmer support, horticulture finance and digital-capital growth .