MSME breaks record in investment and providing employment in UP

Lucknow, Dec 2 Owing to the investment friendly policies of the Yogi government, thr MSME sector of UP has gained the first position in the country. The medium, small and micro enterprise units have broken records in providing investment and employment in the state. In the last four and a half years, more than Rs five lakh crores have been invested in the state and three crore people have got employment. It was the apathy of the previous governments which had forced the MSME sector to languish for want of survival. Due to this, the majority of bhulthe industries had migrated to other states. From 2017 onwards CM Yogi took many important steps to revive the MSME sector. The government 's order to make purchases of 25 percent of its annual budget from MSME came handy for the sector. The result of this has been that in the current financial year till November 10, the government procurement from MSMEs through GeM portal was 69.6 percent i.e. 3855 crores. The total purchase in four and a half years through GeM had been more than Rs 15,000 crores. The UP government also made a record in giving loans to MSME units. The loans to the tune of Rs 2,70,611 crore was disbursed by the Yogi government in the last four and a half years. VbIn this regard, Dr. Navneet Sehgal, Additional Chief Secretary, MSME said that the entrepreneurs had also invested the equal or more money against the loans given by the banks. Three crore people have got employment opportunities directly and indirectly in these industries.