01. About ReSTART Package

-Government of Andhra Pradesh announced ReSTART package

-This package provides certain financial benefits to the MSME and large units located in Andhra Pradesh.

-This package is announced vide G.O.Rt.No.103 dated 15-5-2020 and G.O.Rt.No.104 dated 19-05-2020.

-The objective of this package is to support the industrial units to enable them to restart their operations in wake of COVID-19.

-The package provides for 4 support measures.

-Release of 904.48Cr incentives to MSME units in 2 months period.

-These incentives are pending from 2014-15.

-Waiver of Fixed Demand Electricity Charges for MSME units for 3 months from April 2020 to June 2020

-For Large and Mega units postponement of Fixed Demand Electricity Charges of April to June 2020 for 3 months without interest.Industries Restart package

02. Benefits under the package

Benefits under the package

1. Waiver of fixed /demand charges against contracted maximum demand for MSME manufacturing and allied units for a period of 3 months from April 2020 to June 2020

2.Working capital loans – To enable the Micro and Small Manufacturing and allied Units for meeting the liquidity crisis, a loan of Rs.2.00 Lakhs to Rs.10.00 Lakhs will be provided to MSMEs @ 6% – 8% interest rate plus processing fee of 0.25 %.

3. 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.

4. 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.

03. How to avail the package benefits

Entrepreneur Step1

Department Step2

Entrepreneur Step3

04. Preference for MSME

  • Time limit to apply for these benefits is 30-06-2020.
  • AP Government is planning 11 digits adhaar number for every industry to know the location and nature of industry.

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November 2020