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16/07/2021 05:02pm

4.41 lakh stressed MSME units in UP availed assistance under ECLGS: State Minister

image 4.41 lakh stressed MSME units in UP availed assistance under ECLGS: State Minister

New Delhi, Jul 16 (KNN) The Uttar Pradesh government has helped 4.41 lakh stressed MSME units by providing them credit under Central government's Emergency Credit Line Guarantee Scheme (ECLGS), said state Minister of Micro Small and Medium Enterprises (MSME) Sidharth Nath Singh. 

He said this during a virtual conference on Friday, which was also attended by Navneet Sehgal, Additional Chief Secretary, Information, MSME, Export Promotion, Khadi and Village Industry, Government of Uttar Pradesh.

''Till date Rs 12.22 lakh crore has been provided to stressed MSMEs,'' he added.

The minister further said that during the last 4.5 years, four lakh government jobs were provided directly and 2.60 crore jobs were provided by helping MSMEs.

Highlighting the key achievements of the UP government, he said, ''UP Investors Summit was organised in February 2018. The unprecedented success of UP Investors Summit 2018 led to the generation of 1,045 investment intents worth more than Rs 4.28 lakh crore across sectors.''

Speaking on the occasion, Navneet Sehgal said that the state government had set up a dedicated Helpdesk at Invest UP in April 2020 which has also attracted more than 96 investment intents, including intents from companies from around 10 countries such as Japan, US, UK, Canada, Germany, South Korea and Singapore worth around Rs 66,000 crore.

"Most notably, Samsung India relocating its investment project of setting up its world largest display unit plant in Noida worth Rs 5,000 crores, has made India one of the largest display unit manufacturers in the world," he added.

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