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02/04/2018 02:53pm

UP Government to offer Rs 378 crore loan amount for setting up 20,000 MSME units

image UP Government to offer Rs 378 crore loan amount for setting up 20,000 MSME units

New Delhi, Apr 2 (KNN) With a view to create job and job providers in MSME sector, the Uttar Pradesh government would lend a financial support by providing loan amount of Rs 378 crore to entrepreneurs.

In a recent seminar, Satyadev Pachauri, the minister of Khadi and Village industries said that for setting up 20,000 Micro, Small and Medium enterprises (MSME) units in U.P under the Prime Minister Employment creation scheme, the state government would offer a loan of Rs 378 crore.

Addressing a seminar, he said that a study team would soon visit China and Japan to study and analyze the behavior of MSME sector in those countries and replicate their experiences to make MSME units more viable and developed.

Further he added that the biggest challenge that government is facing in taking MSME sector to higher development paths is not only about creation of more employment opportunities but about creation of job providers.

He said that the government is giving special emphasis on setting up small and medium industries in each of the 75 district of the state. 

The state government would soon launch ‘Deen Dayal Upadhaya Village uplift’ scheme for creating job opportunities in rural areas, he added.

Also, he mentioned that there is huge potential of job creation in MSME sector and the government has provided several incentives to the investors for investing in MSME sector.

Thus in order to deal with the challenging task of job creation the state government has launched one district one product (ODOP) scheme with the objective of providing employment to the jobless youth within their native district and town.

He said the entrepreneurs could avail the benefit of ODOP scheme by obtaining loan of up to Rs 10 Lakh under MUDRA scheme.

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