Scheme Name: ReSTART

State: Andhra Pradesh

Description of the Scheme: Government of Andhra Pradesh has recognized the need to support Industrial sectors in wake of Covid ? 19 and enable them to ReSTART their operations. In order to provide the necessary support, Government has extended the following package across industrial sectors.

Target group : Micro, Small & Medium Enterprises

Sector of the Scheme: Multiple Sectors

Eligibility Criteria:

Nature & Mode of Assistance: a. Waiver of fixed /demand charges against contracted maximum demand for manufacturing and allied units for a period of 3 months from April 2020 to June 2020 b. Working capital loans - To meet the liquidity crisis, a loan of Rs.2.00 Lakhs to Rs.10.00 Lakhs will be provided to MSMEs @ 6% - 8% nterest rate plus processing fee of 0.25 % c. Deferment of fixed /demand charges against contracted maximum demand for Large and Mega Units for 3 months to all Large and Mega Industries without interest or penal charges from April 2020 to June 2020. d. Preferential Market access policy - All Government entities shall procure at least 25% of their annual requirements of goods and services from the eligible Micro and Small Enterprises.

"Financial Information (Subsidy, low interest rate, etc.)": Subsidy

"Other Assistance (Procurement of machinery, Technology /Marketing, International Cooperation, etc.)": Not Availaible

How to apply: Not Availaible

Whom to Contact: Apply through the singe window portal