Andhra Pradesh govt to launch Dr. Y.S.R Navodayam scheme for MSME sector

Andhra Pradesh govt to launch Dr. Y.S.R Navodayam scheme for MSME sector

• Andhra Pradesh will launch a scheme named ‘Dr YSR Navodayam’ to support and monitor the implementation of One-Time Restructuring (OTR) of MSME loans. This will improve the credit support for the MSME sector in the state.

• Andhra Pradesh government has given Rs 4,000 crore for the ‘Dr YSR Navodayam’ scheme.

• It will provide a lifeline to stressed MSMEs by ensuring that all the eligible units are permitted for the one-time restructuring of accounts up to March 31, 2020.