Under this Scheme a new set of Incentives were announced in partial modification of earlier Scheme of Incentives. Government after detailed and careful review of the Industrial scenario in the State and also the over all impact of various Incentive Schemes implemented in the State hitherto and keeping in view the Government of India advice to do away with all tax based incentives worked out a draft New Industrial Policy with greater emphasis on provision of quality infrastructure coupled with a policy for gradual phasing out of subsidies and creating right industrial environment in the State to make the State of Andhra Pradesh an attractive destination for both foreign and domestic investors. 100 crores may be created starting with the year 2000-2001 with provision for necessary step up in fund provision in the subsequent years. 3.1.Captive Power generation will be allowed for all industrial units. Exemption of stamp duty and registration fee for loan agreements, credit deeds, mortgages and hypothecation deeds executed by the industries in favour of banks or financial institutions.
Government proposes to phase out subsidies.
20 lakhs will be given as subsidy to eligible SSI and tiny units. 10 Lakhs will be given as cash subsidy. Testing and certification facilities for raw material and finished products 7.4. 8.1.Single Window registration for clearance will be made compulsory by Law. A. District Level Authority headed by District Collector for clearing cases upto Rs.1.00 crore of investment.