Scheme Name: Electronics Policy 2021 -24

State: Andhra Pradesh

Description of the Scheme: Government with a view to make Andhra Pradesh one of the major hubs for electronic manufacturing hereby introduces ?Electronic Policy 2021 - 24? after extensive consultations with stakeholders, Industrial Associations and Industrial experts.

Target group : Micro, Small & Medium Enterprises

Sector of the Scheme: Multiple Sectors

Eligibility Criteria: Micro, Small & Medium Enterprises

Nature & Mode of Assistance:

25% subsidy, for MSMEs for sustainable green measures on total FCI of the project (excluding cost of land, land development, preliminary and preoperative expenses and consultancy fees) with a ceiling of INR 50 crore. Investment Subsidy for Zone A (Brownfield)

20% of Fixed Capital Investment (FCI) up to INR 20 Cr. for Electronics industries

25% of Fixed Capital Investment (FCI) up to INR 25 Cr. for Electronics industries categorized as SC/ ST/ BC/ Women enterprises Subsidy for Zone B (Greenfield)

Reimbursement of 25 percent of cost incurred on domestic transport up to a sum of INR 50 lakh per annum for 5 years

Global Electronics industry firms in relocating their existing plants to India, as a special consideration, a reimbursement of 50% of cost incurred on import of manufacturing equipment, up to a sum of INR 2 Cr. shall be offered

To provide interest subsidy on term loan @ 5 percent up to INR 1.50 Cr. per year for a period of 5 years

"Financial Information (Subsidy, low interest rate, etc.)": Subsidy

"Other Assistance (Procurement of machinery, Technology /Marketing, International Cooperation, etc.)": Not Availaible

How to apply: Not Availaible

Whom to Contact: Apply through the singe window portal