Andhra Pradesh Backs 64,000 MSMEs With ₹1.90 Lakh Crore, Targeting 17,600 Jobs

2 articles · Updated · The Hindu · Jun 16

₹1.90 lakh crore in bank credit has been facilitated for Andhra Pradesh MSMEs over the past two years, as the state casts the sector as a main engine of industrial growth and employment.
Nearly 64,000 MSMEs are operating in the state, with sector-specific policies for textiles, food processing, electronics, clean energy and pharmaceuticals, alongside MSME parks meant to push industry into rural areas.
The Chief Minister Entrepreneurship Advancement Programme aims to spur thousands of new enterprises and create more than 17,600 jobs, fitting the government's broader push to raise household incomes through entrepreneurship.
Women remain central to that strategy: self-help groups received more than ₹63,000 crore in bank linkages, and the state is working to create 500,000 women entrepreneurs this financial year.