Andhra Pradesh Government has announced a ‘Restart Package’ to help the Telugu film industry which is severely battered by the COVID-19. The cabinet had discussed the issues plaguing the film industry and took some key decisions.
The Government waived off the fixed power charges of the theaters. The waiver will be applicable for a period of three months – April, May, and June. For the remaining months of closure, the theater owners can pay the pending bills in installments.
The government will also be providing loans to 1100 movie theaters with an exemption on interests. The complete details of these incentives will be known only when the official G.O. will be released. It is also known that the Telangana Government also announced similar incentives for the industry before the GHMC elections.Follow @THEPANIPURI