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MSME playing a vital role in changing investment scenario in UP: Navneet Sehgal

Lucknow: MSME units in Uttar Pradesh have not only increased business but also provided employment opportunities to more than 3 million people, official sources said here on Tuesday.

The state is being recognized as a fast-paced state in the country. The main reason for this is that there are 8,07,537 MSME units working in the state, they added.

Loans to the tune of Rs 46,594 crore in FY 2017-18, Rs 57,808 crore in 2018-19, 71,080 crore in 2019-20 and Rs 36,972 crore till September 2020-21 i.e. in Yogi government, loans worth Rs 2,12,454 crore were given.

Additional Chief Secretary, MSME Navneet Sehgal said here on Tuesday that,” CM Yogi worked on many important aspects including law and order, along with changing the policies of 21 departments to promote industries in the state. UP has come second in the country in Ease of Doing Business. Even in the Corona era, CM Yogi distributed loans to industries by holding mega loan fair four times. As a result of this, loans have been given to MSMEs on such a large scale in the state and new investors have invested around Rs 2 lakh h crore “.

In the Yogi government, MSMEs have increased their industrial capacity by expanding to the market with a loan of Rs 2,12,454 crore. Besides, 6,79,647 new units have also been set up with this money. In this, loans have been given under various other schemes including Pradhan Mantri Employment Generation Program (PMEGP), Mukhyamantri Yuva Swarozgar Yojana, Mukhyamantri Gramodyog Rozgar Yojana, and ODOP.

IIA Chairman Pankaj Gupta said that MSMEs have a big contribution to the infrastructure projects launched by the government in the last three years. Whether it is building a powerhouse or the work being done to improve the power network in rural areas.

Apart from this, good works have been done in telecom, housing, road construction, transport, and smart city, etc. Due to which MSMEs have also got work from the government. Due to which, directly and indirectly, 25 to 30 lakh people have got employment.

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