Rs 904 crores worth industrial incentives promised by The Andhra Pradesh state government to MSMEs will be released in tranches. The first tranche of the incentive for micro, small and medium enterprises is an amount of Rs 450 crores that will be cleared on Friday.
"On May 22, 1st installment of Rs 450 crore of industrial incentives will be released to MSMEs," a statement read.
The second one will be cleared on June 29 - Rs 454 crores.
Last month, the Reddy government announced clearing of 50 per cent of pending industrial incentives worth Rs 904 crore to the MSMEs to encourage them to reopen their business affected due to the lockdown.
Besides this, the state government on May 26 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.
On May 30, the government said it will launch Rythu Bharosa Kendras. These units will serve as a one-stop shop to all agriculture and allied fields to benefit farmers. Whereas in June, the state government has decided to launch Rs 10,000 crore YSR Vahana Mitra scheme on June 4 to give financial assistance to auto rickshaw and cab drivers.
Another new scheme Jaganna Chedodu programme is scheduled to be launched on June 10. The plan aims to provide Rs 10,000 per annum financial assistance to Nayi Brahmins, tailors and Rajakas operating small businesses.
On June 17, the state government said financial assistance under YSR Nethanna Nestham scheme will be provided to weavers. On the same day, all pending bills of the Andhra Pradesh State handloom Weavers Cooperative Society (APCO) will be cleared, the statement added.
On June 24, the 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. Likewise, the YSR Congress Party (YSRCP) government in the southern state has released dates for implementation of key government schemes and measures for each month till March 2021.
With inputs from agencies.