Andhra Pradesh govt will launch Navodayam scheme

The Andhra Pradesh government will launch the Navodayam scheme. The scheme is a complete outreach programme for thousands of ailing Micro, Small and Medium Enterprises (MSMEs) in the state.

Navodayam will provide a lifeline to stressed MSMEs by ensuring that all eligible units are permitted for the one-time restructuring of accounts up to March 31, 2020. About 86,000 MSMEs in the state have been identified for restructuring under Navodayam with an outlay of Rs 3,900 crore.

Static/Current Takeaways Important For EPFO/LIC ADO Main 2019:

  • CM of Andhra Pradesh: YS Jaganmohan Reddy.
  • Governor of Andhra Pradesh: Biswabhusan Harichandan.

Source: The Economics Times

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