Empowering MSMEs with News & Insights

UP slated to attract investment over Rs 1.84 lac crore in MSME sector: Addl. Chief Secretary

Updated: Jan 22, 2021 07:06:33am

UP slated to attract investment over Rs 1.84 lac crore in MSME sector: Addl. Chief Secretary

Lucknow, Jan 22 (KNN) The Uttar Pradesh (UP) Government has helped more than 49 lakh Micro, Small and Medium Enterprises (MSME) units get finance of over Rs 1,84,000 crore, said a senior official.

“With investment to the tune of Rs 1,84,000 crore coming into the MSME sector, we are ready for a big take off,” said Additional Chief Secretary, MSME, Navneet Sehgal during the online ‘MSME conclave’ organised by Confederation of Indian Industry (CII) here on Thursday.

Saying that this is the most conducive time for UP to achieve the target of 1 trillion dollar economy as visualised by Chief Minister Yogi Adityanath, Sehgal added that in 2020 itself, banks had financed over seven lakh new MSME units in the state.

Highlighting the importance of One District One Product (ODOP) scheme, Sehgal said that the scheme launched by the Chief Minister in 2018 is making a lot of difference.

“It is concentrating on the development of clusters and taking all the steps for the growth of the industries such as helping them with finance, marketing, skill, packaging, raw material and other vital aspects,” he said.

We have been trying to link MSMEs with specialised institutions that can handhold them, such as BSE, NSE, QCI and institute of packaging, he added.

He also commented on the flatted factories (multi-storeyed buildings in which multiple non-polluting units can operate) said the Government of India is encouraging this concept.

“In this regard, we have already sent proposals to the Government of India for setting up flatted factories in Agra, Gorakhpur, Kanpur and Lucknow. This concept works wherever there is a problem of land,” he added.


    Be first to give your comments.


Required fields are marked *