Consolidation of MSME sector will play an important role in upcoming UP elections

 In the last four-and-a-half years, 76,73,488 people have got loans of Rs 2,42,028 crore for doing business in the MSME sector under the Yogi government.

Lucknow: Hectic political activities have picked up in Uttar Pradesh, ahead of the state assembly elections next year. From issues of public interest to populist announcements, the process of highlighting issues has begun in the right earnest. However, even as the opposition parties make their own claims, various initiatives rolled out by the Uttar Pradesh government in promoting micro, small and medium scale industries (MSMEs) is overshadowing all other issues.

And not without reason too. In the last four-and-a-half years, 76,73,488 people have got loans of Rs 2,42,028 crore for doing business in the MSME sector under the Yogi government. Due to the efforts of the government, about two crore people have got employment from the loans given to this sector. And it is for this reason that no matter what opposition parties claim or say, they are not able to reach out to among the businessmen who are rock-solid in their backing of the state government.

The MSME sector of the state is making a new record in the country. 14 per cent of the units of the country are housed in UP and due to the industrial policies of the state government, investment in this sector is increasing continuously. New MSME units are being established in every district. Even during the global crisis of Corona, more than one-and-a-half lakh new units were installed in this sector.