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.
