ReStart Programme by Andhra Pradesh government for MSMEs 

  • IASbaba
  • May 26, 2020
  • 0
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ReStart Programme by Andhra Pradesh government for MSMEs 

Part of: GS-Prelims and GS-II – Welfare Schemes

In News:

  • Recently, the Chief Minister of Andhra Pradesh launched a new programme ‘ReStart’ to support the Micro, Small and Medium Enterprise (MSME) sector in the State.

Key takeaways

  • The government will spend ₹1,100 crore on revival of the sector. 
  • It is expected to benefit 98,000 units that can provide employment to more than 10 lakh people.
  • A special fund of ₹200 crore to provide input capital loan to the firms at low interest rates.
  • The minimum power demand charges for the months of April, May and June, shall be waived off.
  • The government will purchase around 360 products from the MSMEs. 
  • Payments would be cleared in 45 days.
  • Skills required by the industries (MSMEs) will be imparted through Skill Development Colleges.

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