#GS2 #Governance #Schemes
Andhra Pradesh Chief Minister has launched a new programme christened ‘ReStart’ to support the MSME sector in the State.
- The programme is expected to benefit 98,000 units that provide employment to more than 10 lakh people. The government will spend ₹1,100 crore on revival of the sector.
- The government also waived power demand charges of MSMEs during the months of April, May and June which is roughly around Rs 188 crore.
- Additionally, Rs 200 crore is going to be provided as input capital to the firms at low-interest rates which would put the MSMEs back on rails.
- The government will directly purchase 360 items manufactured by the MSMEs and give payments in a period of 45 days which will further help the sector.