4 months ago
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The Andhra Pradesh Cabinet connected Thursday approved the ₹200-crore A.P. Cluster Development Programme (AP-CDP) aimed astatine strengthening micro, tiny and mean enterprises (MSMEs) crossed the State, MSME Minister Kondapalli Srinivas said connected Friday.
Addressing the media astatine the Secretariat, Mr. Srinivas said the five-year programme would found 45 Common Facility Centres (CFCs) crossed Andhra Pradesh. These centres would supply shared infrastructure specified arsenic modern machinery, exertion support, packaging units and job-work facilities for sectors, including printing, agri-based industries, gold, and nutrient processing.
The inaugural was expected to straight payment astir 1,840 MSME units and make implicit 7,500 nonstop employment opportunities.
Mr. Srinivas said the programme was conceptualised nether the guidance of Chief Minister N. Chandrababu Naidu, with absorption connected processing sector-based clusters and “sectoral parks” to heighten competitiveness. By sharing infrastructure and exertion done CFCs, tiny industries would beryllium amended equipped to vie with larger enterprises, helium added.
Financial assistance
The State authorities would supply fiscal assistance of ₹5 crore to ₹10 crore per project, with 100% subsidy connected machinery. Buildings would beryllium constructed by Special Purpose Vehicles, portion onshore would beryllium provided successful APIIC parks. He noted that portion 40 clump projects were already underway with Central support, the AP-CDP marks the State’s ain dedicated clump scheme.
The Minister said the Cabinet besides approved the CM Employment Generation Programme connected the lines of PMEGP to beforehand entrepreneurship, calling these initiatives a milestone successful Andhra Pradesh’s economical development.
