MSMEs are changing the picture of Uttar Pradesh.
Uttar Pradesh is ready to play the role of growth engine of New India. The World Bank recently lauded the efforts of the Yogi Adityanath-led Uttar Pradesh government for its development efforts in the last six years. Uttar Pradesh is the state with the largest number of MSMEs in India. According to research there are around 9.5 million MSMEs. Read the full news.
Uttar Pradesh is capable and ready to play the role of growth engine of New India. Recently, the World Bank has praised the Yogi Adityanath-led Uttar Pradesh government for its development efforts in the last six years. Let us tell you that a 20-member World Bank team led by Executive Director Parameshwara Iyer is traveling to many parts of the country and working with the government in various areas including infrastructure development, industrialization, waste disposal, poverty alleviation, planned urbanization and environmental protection. Evaluating efforts.
UP is moving forward under the leadership of PM – Durga Shankar Prasad According to Durga Shankar Prasad, Principal Secretary, Government of Uttar Pradesh, Uttar Pradesh is moving forward under the vision of Prime Minister Narendra Modi and the leadership of Chief Minister Yogi Adityanath. Investors have shown interest in MSMEs of Uttar Pradesh. The government aims to strongly take the state’s economy to 1 trillion and Deloitte is assisting us in this as a consultant. Encouragement to MSME sector Today, the economy of Uttar Pradesh is progressing rapidly, so MSME has a major contribution in it. The Global Investors Summit was held in February 2023, where investments worth 35 lakh crore were committed, of which more than 1.6 lakh crore were for the MSME sector.
Maximum MSME in UP Uttar Pradesh is the state with maximum MSME in India. According to a survey, there are about 95 lakh MSMEs here. In this, more than 16 lakh entrepreneurs are registered on the portal, through which more than 1 crore 10 lakh people have got employment. To encourage the MSME sector, the state government is providing accident insurance cover of up to five lakh rupees to small (micro category) entrepreneurs. Apart from this, it is also providing an easy loan facility.
One district, one product, UP government’s one district, one product scheme is discussed in the whole country. It was launched by Chief Minister Yogi Adityanath in January 2018 to promote the handicrafts of the state and help the handicraft workers financially. Apart from this, the objective of this scheme is to encourage indigenous and specialized products and crafts at the local level so that small traders or MSMIs can take their products to the world level and provide employment to more and more people.
Rapid infrastructure development happening in UP Rapid infrastructure development Rapid infrastructure development is happening in Uttar Pradesh. With time, the transport facility in Uttar Pradesh is getting better. To facilitate the movement of people and trade, many expressways have been built and many more are under construction. Apart from this, work is also going on fast on the new airport and rail. A few months back Union Road Transport and Highways Minister Nitin Gadkari had said, before the end of 2024, Uttar Pradesh will have road infrastructure like the United States and the development of roads will change the face of the state.