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LUCKNOW: Uttar Pradesh Chief Minister Yogi Adityanath wants the wheel of MSMEs to roll fast. The sector provides maximum employment to the people. Now, the UP government has said it is going to provide capital to 3.5 lakh units as per their requirement through three online mega loan fairs in June, July and August.
Earlier in May, the government had provided more than Rs 2,000 crore to 57,000 units. The state is now on the path to become a major hub for industries related to textiles, food processing and ODOP (one district one product). The biggest hurdle was lack of capital, but the Chief Minister seems to have found the solution to a large extent.
The target is to provide loans to one lakh units in June and 1.25 lakh units in July-August. An agreement to this effect has been reached in the meeting of the state level bankers committee. It was also decided that the bankers would soon set a target for providing loans. (IANS)
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