A.P. Small Scale Sick Industries Revival & Rehabilitation Scheme-2006 (APSSSIRRS) (G.O. Ms. No. 203 Inds & Com (SPIU) dated: 20-07-2006 in modification of the G.O.Ms.No.359 Inds & Com (IP) dt.25.6.2001) 

Salient features of the revival scheme are:

• Relaxation from ULC Act : Grant of permission to mortgage surplus land by exempting under section 20 of, the Urban Land Ceiling Act in favour of Banks / Financial Institutions
  
  

• Healthy Industrial Relations: Amicable settlement of disputes between management and representatives of labour
  
  

• Interest rebate to Banks/Financial Institutions: 6% interest subsidy will be provided to all identified / eligible sick units, subject to maximum of Rs.2.00 lakhs per year for a maximum period of three years.
  
  

• Deferment of CT Arrears": Sales tax shall be deferred for 3 years
  
  

• Relief in Energy Charges: The percentage of interest charged by APTRANSCO / DISCOM on the arrears of CC charges will be subsidized to the extent of 15% of interest charged from out of the percentage of the total interest charged and the same will be paid to APTRANSCO subject to a maximum of Rs.5.00 lakhs

Contact Information:

Joint Director (SIDIC)
O/o Commissioner of Industries
Chirag ali Lane, Abids
Hyderabad - 500001
Phone : 040-23441696
040-23441600-05 Extn-238
Mobile : 9989997656
E-mail :jd_ssi@inds.ap.gov.in