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30/07/2022 01:07pm

MSME clusters planned in all 26 districts of Andhra Pradesh

image MSME clusters planned in all 26 districts of Andhra Pradesh

Vijayawada, July 30 (KNN) All the districts of Andhra Pradesh in one year will have about one to two MSME clusters.

It will be established by the Andhra Pradesh MSME Development Corporation under the Cluster Development Programme (CDP).

To create a Special Purpose Vehicle (SPV) to set up units minimum 25 independent entrepreneurs will join forces under the programme.

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Majority of the funding which is 70 per cent will be provided by the central government and 20 per cent will come from the State. 

The group members will contribute for the remaining 10 per cent fund. 

There is no limit for the maximum number of entrepreneurs in the group.  (KNN Bureau)

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