Andhra Pradesh to launch CMEGP to boost entrepreneurship in MSME sector

The Andhra Pradesh government is planning to launch a new initiative called the Chief Minister Employment Generation Programme (CMEGP) to promote entrepreneurship in both the manufacturing and service sectors under the MSME segment.

Modelled on the Central government’s Prime Minister Employment Generation Programme (PMEGP), the CMEGP aims to create self-employment opportunities across rural and urban areas, according to top government sources. While the PMEGP allows investments of up to ₹50 lakh for manufacturing units and ₹20 lakh for service units, the CMEGP is likely to raise the ceiling to ₹75 lakh and ₹25 lakh, respectively. The MSME Department expects the new programme to help establish 5,000 to 6,000 new units across the State, said highly placed sources.

Meanwhile, the State government is also formulating a separate policy to promote Common Facility Centres (CFCs). Although the Central government already supports such centres, the State intends to invest additional funds to expedite their development. These CFCs act as shared infrastructure hubs, offering common resources to clusters of enterprises to help reduce operational costs.