26/10/2020
AP CM LAUNCHES SPECIAL INDUSTRIAL POLICY FOR SC/ST ENTERPRENEURS UNDER "JAGANANNA YSR BADUGU VIKASAM "
Under the leadership of Chief Minister YS Jagan Mohan Reddy, the A.P. government released its new industrial policy (2020-23) with a vision to provide an additional push to the aspiring entrepreneurs, especially among the underprivileged communities, particularly scheduled castes (SC), scheduled tribes (ST), through the new policy measures. Series of consultations were organized across the state with sectoral experts and industry associations to understand their views, challenges, and suggestions on multiple areas that opined a need for a specialized policy.
The new policy will provide an added focus on strengthening pre-establishment support, improving market linkages, credit facilities, and economic development.
The A.P. Government is focused on encouraging increased participation of SC/ST entrepreneurs by providing special incentives to promote the 362 manufacturing and 9,754 service sector activities among the socially disadvantaged communities to create a more significant economic impact.
A.P. Government is also ensuring easy availability of land under the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) guidelines. The APIIC allotment guidelines will be redesigned to provide at least 16.2% and 6% of the developed land reserved for SC/ST entrepreneurs, respectively, in the industrial parks. The Government also proposes establishing a dedicated SC/ST entrepreneur facilitation cell under YSR AP One at all-district industrial centers for handholding SC/ST entrepreneurs for quick grounding of the projects.