MSMEs in UP generate 3.28 cr jobs in 5 years: MSME department survey

Lucknow, 13 Jan (KNN) As per a survey conducted for Uttar Pradesh by the department of MSME and export promotion, 3.28 crore jobs have been generated over past five years based on 11 MSME loan accounts.

There are total 95 lakh loan accounts, and the survey looked at 11 lakh loan accounts.

A physical verification of beneficiary details was also carried by the authorities.

Commenting on the findings of the survey, a government official said, “If the results of the survey are scaled up to the total number of bank accounts, it can be concluded that in the last five years, the government has generated more than 3.28 crore jobs just through the MSME sector.”

The state of Uttar Pradesh has received an investment of about INR 4 lakh crore over the past five years, accelerating the growth of the MSME sector.

He highlighted how the MSME sector is the priority of the government and is set to improve employment potential along with employment generation.

The Mission Rozgar initiated by the state government focuses on providing skill training to people, enabling them with employment opportunities.

“A huge force has been seen in the MSME sector as Large-scale employment opportunities have been created through this,” he added.