Scripting MSME growth in Uttar Pradesh: Yogi govt doubles fund allocation to units

New Delhi: Micro, small and medium industries (MSMEs) remains high on Yogi Adityanath government’s priority list as thousands of traditional craftsmen working at these units form the base for realising dream of Self-reliant India.

In fact, UP CM is taking firm steps to bring structural changes in the MSME sector so that it not just helps realise One District One Product Scheme (ODOP) project and also emerge as major contributor to state’s exchequer.

Yogi government has completed just three-and-a-half years in power but it has already surpassed years of developmental works in SP & BSP regime. Yogi government has disbursed double the loan to MSME sector, when compared with Akhilesh government.

Loans to the tune of 1,6,068 was given in SP government while loans worth Rs 2,12,454 crore have already been allocated by Yogi government.
Uttar Pradesh is being recognized as a fast paced state in the country. The main reason for this is that there are more than 8.7 lakh MSME units in the state. In the changed environment, MSME units have not only increased business, but have also given employment opportunities to more than 30 lakh people.

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 Are given. Whereas, under the SP chief Akhilesh Yadav’s government, loans to MSMEs amounted to 13,248 crore in FY 2012-13, 19,249 crore during 2013-14, 22,439 crore in 2014-15, 22,996 crore in 2015-16, 28,136 crore in 2016-17. A total of one lakh six thousand 68 crore rupees had been given in the SP government.

MSME Additional Chief Secretary Navneet Sehgal said 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 4 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 two lakh crore rupees.

6.79 lakh new units installed

In last 3 years, MSMEs in the state have increased their industrial capacity. Besides, 6.79 new units have also been set up with these 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.

25 to 30 lakh people got employment

MSMEs have a big contribution in the infrastructure projects launched by govt in last 3 years. Whether it is building a power house or the work being done to improve the power network in rural areas.

Apart from this, sectors like telecom, housing, road construction, transport have seen growth which in turn added job opportunities in MSMEs. Altogether, 25 to 30 lakh people have got employment, directly and indirectly.