AP Jagananna YSR Badugu Vikasam Scheme: Empowering SC/ST Entrepreneurs
The Jagananna YSR Badugu Vikasam Scheme is a new initiative launched by the government of Andhra Pradesh to help SC/ST entrepreneurs in the state. The scheme aims to provide financial assistance to marginalized communities to help them start their own businesses and revive their livelihoods. In this blog post, we will discuss the scheme in detail, including its objectives, eligibility criteria, benefits, required documents, and how to apply.
Introduction Of Jagananna YSR Badugu Vikasam
Jagananna YSR Badugu Vikasam Scheme is a government initiative launched in the Indian state of Andhra Pradesh. The scheme aims to provide comprehensive support for the socio-economic development of the tribal communities living in the state’s remote and hilly regions. Through this scheme, the Andhra Pradesh government intends to improve the livelihoods of tribal populations by enhancing their income-generating capacities, promoting skill development, and providing them with better access to essential services such as healthcare, education, and sanitation. The Jagananna YSR Badugu Vikasam Scheme is a significant step towards inclusive growth and sustainable development in Andhra Pradesh’s tribal regions.
Objectives of the Jagananna YSR Badugu Vikasam Scheme
The main objective of the Jagananna YSR Badugu Vikasam Scheme is to promote entrepreneurship among the SC/ST communities in Andhra Pradesh. The scheme aims to provide financial assistance to the marginalized sections of society so that they can start their own businesses and become self-reliant. The scheme is a part of the state government’s special industrial policy 2020-23 and is aimed at creating awareness about entrepreneurship among the SC/ST communities.
Full Overview Of YSR Badugu Vikasam Scheme
| Name of Scheme | YSR Badugu Vikasam Scheme |
|---|---|
| Announcement | Govt of Andhra Pradesh |
| State Name | Andhra Pradesh |
| Implementation | Updated on 2023 |
| Objectives | To provide financial assistance and incentives for the development of SC and ST entrepreneurs in Andhra Pradesh |
| Incentives | 1. 25 paise increase in reimbursement of power charges per unit 2. 10% rise in investment subsidy 3. 9% enhancement in interest subsidy for MSMEs 4. Investment subsidy of 45% for SC and ST entrepreneurs setting up manufacturing units, with a cap of Rs one crore 5. Subsidy amount capped at Rs 75 lakh for service sector and transport-related units 8. SC and ST entrepreneurs need to pay only 25% of land cost upfront and balance payment could be done over 8 years with 8% interest |
| Beneficiaries | SC and ST entrepreneurs in Andhra Pradesh |
| Application Starts | Always open |
| Process | Offline registration |
| Official Website | https://apindustries.gov.in/baduguvikasam/default.aspx |
Eligibility Criteria of the Jagananna YSR Badugu Vikasam Scheme
To be eligible for the Jagananna YSR Badugu Vikasam Scheme, the applicant must meet the following criteria:
- Domicile of Andhra Pradesh: The applicant must be a permanent resident of Andhra Pradesh.
- Belong to SC/ST community: The applicant must belong to the SC/ST community.
Required Documents for the Jagananna YSR Badugu Vikasam Scheme
The following documents are required to apply for the Jagananna YSR Badugu Vikasam Scheme:
- Address Proof: The applicant must provide valid address proof.
- Identity Proof: The applicant must provide valid identity proof like Aadhaar or Voter ID.
- Caste Certificate: The applicant must provide a valid caste certificate.
Benefits of the Jagananna YSR Badugu Vikasam Scheme
The Jagananna YSR Badugu Vikasam Scheme provides several benefits to SC/ST entrepreneurs in Andhra Pradesh. These benefits include:
- Financial Assistance: The scheme provides financial assistance to SC/ST entrepreneurs to help them start their own businesses.
- Fee Reimbursement: The scheme provides fee reimbursement to SC/ST entrepreneurs to help them take care of their elderly parents.
- Inviting Companies: The state government has invited companies like Amul, P&G, and Reliance to the state to felicitate the work of the scheme.
- Unbiased Scheme: The scheme is aimed at making the scheme unbiased and inclusive, regardless of caste and creed.
How to Apply for the Jagananna YSR Badugu Vikasam Scheme
The application process for the Jagananna YSR Badugu Vikasam Scheme has not been released yet. However, interested applicants can keep an eye on the official website of the scheme for further updates.
| OFFICIAL WEBSITE | CLICK HERE |
| ANDHRA PRADESH GOVT ALL SCHEMES | CLICK HERE |
| APPLICATION PDF | CLICK HERE |
Conclusion
The Jagananna YSR Badugu Vikasam Scheme is a promising initiative by the government of Andhra Pradesh to help SC/ST entrepreneurs in the state. The scheme aims to provide financial assistance to marginalized communities so that they can start their own businesses and revive their livelihoods. The scheme is a part of the state government’s special industrial policy 2020-23 and is aimed at creating awareness about entrepreneurship among the SC/ST communities. If implemented successfully, this scheme has the potential to uplift the socioeconomic status of the marginalized communities in the state.
