CM Yogi sets Rs 10 lakh crore target for next investors summit; new startup policy & loan melas for MSMEs

New Delhi, April 16 (KNN) To realize the dream of making Uttar Pradesh a trillion-dollar economy, the Yogi Adityanath government is eyeing to attract investments of Rs 10 lakh crore.

The plan of action was laid down during a presentation made by 11 departments working for infrastructure and industrial development in the state.

The CM asked officials to identify developers for six MSME parks proposed in various parts of the state. He said that efforts should be made to speed up the development of industrial clusters.

Yogi said discussions should be held with all stakeholders to introduce new policies for startups and data centers. He added that internet connectivity should be ensured in all gram panchayats by 2024.

He also said loan melas should be organized on a large scale in the next three months where banks should provide loans to at least one lakh entrepreneurs.

The state government is planning to hold a global investor summit within two years and a groundbreaking ceremony within 100 days.

Chairing the meeting, Chief Minister Yogi Adityanath said, “UP has emerged as one of the most preferred destinations under the guidance of Prime Minister Narendra Modi. Proposals worth Rs 4.68 lakh crore were received during the last investor summit of which proposals worth Rs 3 lakh crore translated into investments.

To attract more investment, UP will hold another investor summit within two years. The target for investment would be Rs 10 lakh crore. This amount will accelerate UP’s development and the task should be the top priority of stakeholders.”

To achieve the target, the government will initiate several steps including the introduction of a new and investor-friendly industrial policy. (KNN Bureau)