Amaravati, December 4, 2024: Andhra Pradesh Chief Minister N. Chandrababu Naidu has announced a transformative initiative to empower Self-Help Groups (SHGs) by recognizing them as Micro, Small, and Medium Enterprises (MSMEs). This significant step aims to provide rural entrepreneurs with better access to government schemes, funding, and growth opportunities. During a review meeting on the “One Family – One Entrepreneur” initiative, the Chief Minister emphasized the importance of promoting entrepreneurship within families and enhancing economic participation in rural communities.
The “One Family – One Entrepreneur” initiative encourages each family to have at least one entrepreneur, which helps build a strong foundation for economic development. With the new MSME recognition, SHGs will have increased access to resources and support for scaling their businesses. CM Naidu has directed officials to prioritize these groups and streamline the processes for accessing government assistance designed for small and medium-sized enterprises.
This decision is expected to positively impact local communities, especially in rural areas, by improving income opportunities and promoting sustainable business practices. The government’s focus will be on providing the necessary training, resources, and market access to help these entrepreneurs grow and contribute to the state’s development.
As Andhra Pradesh advances with its development goals, the Chief Minister’s announcement is viewed as a crucial step in strengthening the entrepreneurial ecosystem. By empowering SHGs to succeed and grow as MSMEs, the government aims to uplift rural economies and foster greater self-sufficiency across the state.
