UP CM launches online fair for MSMEs, gives out loans worth over Rs 2k cr

UP CM launches online fair for MSMEs, gives out loans worth over Rs 2k cr

To give a lift to the MSMEs in Uttar Pradesh , Chief Minister Yogi Adityanath on Thursday launched a web fair during which he distributed loans worth over Rs 2,000 crore to entrepreneurs.

According to a politician spokesman, the preparations for the loan fair were already in situ through one district one product (ODOP) project, but roadblocks cropped up thanks to the outbreak of coronavirus.

In the online loan fair which was launched at his official residence, he distributed loans worth quite Rs 2,000 crore to 56,754 entrepreneurs, the spokesman said. He said this may provide additional employment to quite two lakh people and added that with this initiative Uttar Pradesh has become the primary state to supply loans to such an outsized number of entrepreneurs transparently in such a brief amount of your time during the lockdown.

On the occasion, the chief minister also launched 'Sathi' portal for the MSMEs. Adityanath said that workers and labourers are the strength and capital of the state.

"We will utilize their labour and skills to form UP a producing hub of the country and therefore the world. this is often the simplest opportunity for us to eradicate the stigma of migration," the chief minister said.

"A record of skills of each labourer is additionally being prepared in order that those coming from other states can contribute within the rebuilding of the state," he said. Adityanath said that on Diwali, Gauri-Ganesh idols from China are sold on an outsized scale throughout the country and it'll be the government's endeavour that this point local units provide an alternate .

The entrepreneurs of Gorakhpur who make terracotta goods have this skill and may also make sculptures of a superior quality as compared to China, he said, adding that the govt will provide all possible help for it.

The chief minister said the MSME sector of Uttar Pradesh is that the largest in India. "In this sector, there are many such units whose products are popular across the planet . the sole need is to offer them opportunities.

During the coronavirus epidemic, 26 new units of PPE (Personal Protection Equipment) were established in UP. There are more such examples," he said.

Stressing that there are immense opportunities in One District One Product (ODOP) project, he said such units will enjoy this economic package.

"The products which have already established themselves as a brand within the country are going to be recognized and strengthened within the world. this may help in giving maximum employment at the local level through minimum capital. Also, the per capita income of the state will increase," he said.