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Andhra Pradesh government has come up with a new initiative ‘Jagananna YSR Badugu Vikasam’. On October 26, 2020, CMO Andhra Pradesh, YS Jagan Mohan Reddy launched this initiative as a part of the special industrial policy 2020-23. This programme is for SC and ST entrepreneurs in the state. CM launched this scheme at his camp office at Tadepalli. This programme mainly for boosting the SC and ST entrepreneurs to come up and set up new industrial units in the state. It aims at overall development of the SC and ST category people in the state. Many scheme, initiatives and incentives are constantly rolled out in the state for development of SC, ST, BC, OBC category as well as economically weaker people from upper caste.
Overview:
| Initiative name: | Jagananna YSR Badugu Vikasam |
| Initiative by: | Andhra Pradesh Government |
| Launched by: | CMO Andhra Pradesh, Mr. YS Jagan Mohan Reddy |
| Launch Date: | October 26, 2020 |
| Beneficiaries: | SC and ST category people in the state |
| Benefit: | Assistance, incentives and exemptions while setting up new industry |
| Major Objective: | To encourage SC and ST category for setting up new industrial units thereby boosting self-employment opportunities |
List of scheme lunched by Andhra Pradesh Government
Objectives and Benefits:
- The main objective of this initiative is to assist the SC and ST category people for setting up new industries in the state
- It aims to promote self-employment opportunities
- Incentives up to 1 crore will be provided under the initiative
- This will enable the SC and ST category people to become entrepreneurs and job givers
- Skill training and skill development programmes will also be conducted for the beneficiaries
- Fiscal incentives, extension of stamp duty, interest subsidy, investment subsidy, land allotment, patent registration and other incentives and assistance will be also provided
- This aims at overall economic development in the state in the long run
Key Points:
- Jagananna YSR Badugu Vikasam initiative is launched by Andhra Pradesh CM on October 26, 2020
- This initiative is a part of special industrial policy 2020-23
- It is mainly launched for the SC and ST category people in the state
- Under the initiative incentives up to 1 crore will be provided
- 2% and 6% of the developed lands in the APIIC Industrial parks will be reserved for SC and ST entrepreneurs
- The beneficiaries will be also provided with fiscal incentives, exemption of stamp duty, investment and interest subsidy, land allotment, quality certification or patent registration, seed capital and other assistance
- In the launch programme, CM also stated various schemes are being implemented in the state for the benefit of SC, ST, BC, OBC as well as economically weaker people from the upper caste
- Schemes under Navaratnalu majorly focus on the socio-economic development in the scheme
- On the launch occasion, SC and ST entrepreneurs thanked the CM for launching such a beneficial initiative
- Thus, the initiative will thereby promote setting up of new industrial units by the beneficiary entrepreneurs thereby boosting self-employment
- It will lead to holistic development of the SC and ST communities in the state
