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21/02/2018 02:37pm

UP government deliberates on extending Single Window Clearance Facility to MSMEs

image UP government deliberates on extending Single Window Clearance Facility to MSMEs

New Delhi, Feb 21 (KNN) With an objective of removing hurdles from the path of industrialist who are willing to invest in Uttar Pradesh, state government has taken a major step in that direction on Tuesday.

The U.P government on Tuesday issued directives to 22 departments to expedite clearances for investors.

Instructions will be issued to additional chief secretaries and principal secretaries of these departments by Chief Minister Adityanath on the first day of Investor’s Summit on 21st Feb, 2018 to ensure time-bound clearances for all the proposals.

To ensure state gets investment timely chief minister Yogi Adityanath is personally monitoring the mechanism.

“He is very serious when it comes to implementation of the single window clearance for investors,” said a senior official of the state government.

The long pending demand of industrialist for single window clearance to small and medium enterprises from past seven years finally accomplished as the state government has decided to extend the single window clearance facility to micro, small and medium enterprises willing to set up their units in the state.

The benefit of availing this facility is that the industrialist who are willing to set up small and medium scale units in the state will not have to run behind several government departments to fulfill the formalities before setting up the unit.

Earlier this facility was available to only those investors who were willing to invest Rs 50 crore or more in the state but U.P government move in this direction has shown the government’s investment-friendly face.

Though MSMEs contribution to the state GDP is around 60% but Micro, small and medium enterprises fall below this benchmark of Rs 50 crore.

From past few years, U.P has been categorized as a ‘BIMARU’ state despite having 16.5% of the country’s population, 7.3% of the area and having elected nine Prime Ministers from Jawahar Lal Nehru to Narendra Modi.

The objective of the event is to bring UP back on the development track. (KNN/YV)

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