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