A proposal dated 13.3.2017 for formulation of Entrepreneurship Facilitation Scheme in Andhra Pradesh was received from the State Government of Andhra Pradesh. Government of India has already granted certain tax incentives to promote industrialization and economic growth in the State of Andhra Pradesh.
Further, a special package to backward areas of State of Andhra Pradesh has been sanctioned for 7 backward districts of Andhra Pradesh at Rs. 50 crore each per annum from 2015-16 till 2019-20. The proposed Entrepreneurship Facilitation Scheme may be taken up through such special grants provided to the State.
This information was given by the Minister of Commerce and Industry, Piyush Goyal, in a written reply in the Rajya Sabha today.