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Dear-Businessman/Investors,
In Series of KIP: Business and Subsidy Update, today we are going to share with you an informative series i.e., “Stamp Duty Subsidy Scheme” under ANDHRA PRADESH MSME AND ENTREPRENEURSHIP DEVELOPMENT POLICY 4.0 (2024-2029).
The Andhra Pradesh MSME & Entrepreneur Development Policy 4.0 (2024-29) aims to foster entrepreneurship and strengthen the MSME sector in the state. A key goal is to achieve “One Entrepreneur, One Family” by 2030, promoting self-reliance and economic growth. The policy focuses on increasing employment, enhancing industrial competitiveness, and supporting innovation-driven enterprises.
The Andhra Pradesh MSME & Entrepreneur Development Policy 4.0 (2024-29) provides stamp duty subsidies to support new and expanding enterprises. The quantum is assistance is as under:
Under this scheme incentives can avail by an entity/organisation such as Proprietary, Partnership, Pvt. Ltd. Company, Public Ltd., LLP (Limited Liability Partnership) and Co-operative society etc.
The Industrial Manufacturing Units which complies with the following conditions will be eligible for availing benefits under this scheme:
Classification: Enterprises must fall under the Micro, Small, or Medium category as per the MSME Act.
Investment Limits: The policy considers Fixed Capital Investment (FCI) as well as Annual turnover for subsidy eligibility.
The incentives would be applicable only for enterprises involved in Manufacturing activity during the policy period.
The overall incentive MSME can claim, through combination of incentive packages offered through this policy, shall not exceed 75% of FCI
This Policy shall be valid for a period of 5 years from the date of the policy notification, or till a new Policy is announced.
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