Loans to 1.3 million MSMEs in UP during Corona

BS Correspondent / Lucknow March 01, 2021

In the midst of epidemic, lockdown and slowdown of the economy, the Yogi government of Uttar Pradesh has provided financial assistance to more than 13 lakh small and medium enterprises (MSMEs) in the state. During the Corona period itself, loans worth Rs 42,700 crore have been distributed to the MSME sector in the state. During the lockdown, the Yogi government started distributing loans to MSMEs by holding a fair from May 15 last year.

Uttar Pradesh Additional Chief Secretary MSME Navneet Sehgal said that within the last one year, 13 lakh MSME units have been given a loan of more than Rs 42,000 crore. He said that due to this financial assistance, about 65 lakh people have also got direct and indirect employment opportunities in the private sector in a year. In the meeting of the State Level Bankers Committee (SLBC), the Additional Chief Secretary MSME has directed the banks to make more progress in the field of MSME. He has issued directions for early disposal of pending applications for acceptance and distribution at the bank level under various government schemes, PMEGP, ODOP and MYSY etc. Sehgal said that action would be taken soon for disposal of cases related to banks on the MSME Saathi app.

Additional Important Secretary Navneet Sehgal said that maximum 14 percent MSMEs are employed in the state. This is the first time in the history of the state that such a large amount of loans have been made available to the MSME sector in a year. He directed for early disposal of pending applications for acceptance and distribution at the level of banks under various schemes of the government, PMEGP, ODOP and MYSY etc. On behalf of the state government, banks have been directed to cooperate with the Vishwakarma Shram Samman Scheme for traditional artisans and artisans.

Brajesh Kumar Singh of AAP Baroda, convenor of SLBC, while explaining about the important banking activities of the state during the quarter ended December 2020, said that 41.16% of the accounts in PMSBY have been covered against the total active Jan Dhan accounts in the state. . The state government’s One GP, One BC program has started, under which the process of appointment of 58 thousand BC Sakhi has been started in the state. 145850 crore loan has been disbursed under the annual loan scheme till the end quarter of the current financial year. Under Secretary Amil Aggarwal of the Union Ministry of Finance said that NBFCs should also be included in SLBC meetings from time to time.

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