Published On:August 8 2020
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Uttar Pradesh government grants Rs. 2.4k cr loan to 98,743 MSMEs.

The state government has signed an MoU with e-commerce websites eBay and Flipcart to promote marketing of products manufactured by MSMEs and also arranged Rs. 2,447 crore loan for 98,743 new MSME units.

Chief minister Yogi Adityanath also laid the foundation stone for 13 common facility centres (CFCs) worth Rs. 82.2 crore and inaugurated six other CFCs which will help in promoting export from the state.

The CM also launched training programmes for skill development in handicraft, especially started for candidates from SC/ST and OBC categories, and a marketing promotion plan for ‘one district-one product’ scheme.

An MoU was also signed between the MSME department and Dr. APJ Kalam Technical University for knowledge and technology sharing.

“To realise the vision of Prime Minister Narendra Modi of making India self-reliant, UP government is working on all possibilities. By ensuring jobs for its people, including 40 lakh migrant workers who returned to the state during lockdown, UP government has ensured that the state’s economy emerges stronger from Covid-19 slowdown,” Yogi said.

“A day after Union finance minister Nirmala Sitharaman announced an economic package for MSME industry, UP’s MSME department got down to the job. When 40 lakh migrants returned to UP, people wondered what we would be able to do for them. We not only provided jobs to them but also launched programmes that will help make them self-reliant,” the CM said.

In a meeting with bankers on Thursday, MSME minister Sidharth Nath Singh said easy availability of loans had played a major role in promoting MSMEs. He asked bank officials to give in writing the reason in case a loan application is rejected so that there could be transparency in the system.

“I have also asked them to provide loans to micro units because these are the ones which usually face problems in getting loans,” he said.

Between May 14 and August 7, at least 7.3 lakh MSME units have been given loans of Rs. 21,000 crore. Out of these, 4.1 lakh old units were given loans of Rs. 9,680 crore while 2.7 lakh new units have been given loans of Rs. 8,949 crore.

ET





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