In July 2014,[6] in the budget speech for 2014–15,[7] the Minister of FinanceArun Jaitley announced a budget of ₹500 crore (equivalent to ₹799 crore or US$93 million in 2023) for setting up four new AIIMS, in Andhra Pradesh, West Bengal, the Vidarbha region of Maharashtra and the Purvanchal region in Uttar Pradesh,[6] the so-called "Phase-IV" institutes.[7] In October 2015 the AIIMS at Nagpur was approved by the cabinet at a cost of ₹1,577 crore (equivalent to ₹24 billion or US$280 million in 2023).[7] Construction work on the permanent campus started in September 2017.[7] Meanwhile, AIIMS Nagpur has commenced the academic session 2018-19 from temporary campus at Government Medical College and Hospital, Nagpur.[8]