Andhra Pradesh Chief Minister N. Chandrababu Naidu addressed the MSME Growth Summit 2026 held in Vijayawada, where a convention center named after B. R. Ambedkar was inaugurated.
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Vijayawada: Chief Minister N Chandrababu Naidu stated that MSME sector plays key role in development of the country and youth should develop innovative thinking to emerge as entrepreneurs. He set a target to promote one crore entrepreneurs under one family- one entrepreneur norm introduced by state government.
The Chief Minister inaugurated Dr BR Ambedkar Kalavedika here today and virtually laid foundation for 38 MSME parks.
Later addressing the one family- one entrepreneur MSME growth summit 2026 at the same venue, the Chief Minister said the state government giving top priority for youth and women empowerment. He said MSME sector paves way to fulfill the innovative ideas and dreams of youth. As part of it the state government giving top priority for MSME sector and released Rs 558 crore incentives so far and AP Cluster development programme will be started with Rs 200 crore.
Highlighting the role of MSMEs, Chandrababu Naidu said MSMEs alone have the potential to transform a small idea into a large industry and noted that the sector is the second-largest employment generator in the country after agriculture. He said the government has made Andhra Pradesh’s resources more accessible to MSMEs and introduced dedicated MSME and private industrial park policies to accelerate industrial growth.
The Chief Minister said the summit had brought startups, industrial units, experts and banks onto a single platform to create a stronger industrial ecosystem. Stressing entrepreneurship, he called for large-scale industrial units under the “One Family, One Entrepreneur” initiative.
The Chief Minister said the state would also extend incentives to private industrial parks, citing Sri City as a successful industrial model.
Referring to women’s economic empowerment, Chandrababu Naidu said women’s self-help groups currently hold a corpus of Rs 28,000 crore and announced plans to transform five lakh women from DWCRA groups into entrepreneurs this year. He said startups would be promoted through the Ratan Tata Innovation Hub and set a target of creating 100 unicorn companies from Andhra Pradesh.
The Chief Minister emphasized that the future belongs to the knowledge economy and called on youth and industries to embrace emerging opportunities. He reiterated the government’s slogan, “Village to Global Market,” and advocated a circular economy where industrial waste from one industry becomes raw material for another, helping build a strong MSME ecosystem.
The Chief Minister said banks have extended loans worth over Rs 2.11 lakh crore to MSMEs, while central schemes such as PM Mudra, Stand-Up India and Vishwakarma are also supporting entrepreneurs. He said Andhra Pradesh has launched a special action plan under its Credit Guarantee Scheme to facilitate loans worth Rs 5,000 crore and also making efforts to revive struggling MSMEs.
The Chief Minister announced a special programme to encourage aspiring entrepreneurs by extending loans of up to Rs 1 crore. He said the government has signed agreements with several global technology companies.He stressed that MSMEs must become key players in sectors such as space, defence and aerospace. Referring to upcoming advanced technologies in Amaravati, he said youth and educational institutions should leverage quantum technologies.
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