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Andhra Pradesh govt to clear first tranche of Rs 450 cr package to MSMEs

Wednesday, 20 May 2020
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The Andhra Pradesh government will release the first tranche of industrial incentives of around Rs 450 crore to micro, small and medium enterprises (MSMEs) on 22 May 2020. 
The second tranche of Rs 454 crore will be cleared on 29 June 2020. 
The state government had announced earlier that it will clear 50 percent of all pending industrial incentives of Rs 904 crore to the MSMEs to encourage them to reopen their business affected due to the lockdown. 
Apart from this, the state government on 26 may 2020 will distribute a one-time special financial aid of Rs 5,000 to priests, imams, and pastors, who are performing daily poojas and rituals during the lockdown. 
The state government will launch Rythu Bharosa Kendras on 30 May 2020. These units will serve as a one-stop shop to all agriculture and allied fields to benefit farmers. 
It will also launch Rs 10,000 crore YSR Vahana Mitra scheme on 4 June 2020 to give financial assistance to auto rickshaw and cab drivers. Another new scheme, Jaganna Chedodu programme is scheduled to be launched on 10 June 2020. The scheme aims to provide Rs 10,000 per annum financial assistance to Nayi Brahmins, tailors and Rajakas operating small businesses. 
Moreover, financial assistance under YSR Nethanna Nestham scheme will be provided to weavers and all pending bills of the Andhra Pradesh State Handloom Weavers Cooperative Society (APCO) will be cleared on 17 June 2020. 
The state government is scheduled to give a sum of Rs 15,000 per annum to Kapu community women between the age of 45 and 60 years under YSR Kapu Nestham scheme on 24 June 2020.


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