To encourage more scheduled caste/scheduled tribe and women entrepreneurs in the state, the Andhra Pradesh government is providing rebate on the land cost, power subsidy and other incentives.
The scheme, announced recently, has so far attracted a number of SC/ST entrepreneurs who have set up 106 units across the state, said Geeta Reddy, state major industries, sugar, commerce & export promotion minister.
Speaking to Business Standard here recently, she said the government had also decided to allot 10 per cent of the plots in industrial estates to women entrepreneurs across the state.
For SC/ST entrepreneurs, the government would provide a 31.3 per cent rebate on land with a limit of Rs 5 lakh, whereas for general entrepreneurs this is only 25 per cent .
The government will also give power subsidy of Re 1 on a unit for a period of five years, whereas for the general industries, it is 0.75 paise.
The government will also reimburse 50 per cent of the value added tax (VAT) paid by these entrepreneurs for a period of five years, while in the case of general category it is 25 per cent.
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Women entrepreneurs in the state are being given 25 per cent VAT reimbursement, 100 per cent reimbursement of stamp duty, power subsidy, and 8 per cent subsidy on capital equipment for technology upgradation limited to Rs 25 lakh among others.
The minister said in the last three months the government had helped 75 women entrepreneurs set up their units on 30 acres of land. By the end of this year, it is targeting to create 5,000 such entrepreneurs.