Chief Minister Yogi Adityanath's initiative towards making the economy of Uttar Pradesh number one in the country has started paying off as instead of seeking jobs, youths are now providing employment.
Uttar Pradesh has become the first state to provide maximum investment and employment under the Prime Minister's Employment Generation Programme (PMEGP) in the country. This was recorded despite many roadblocks like the global pandemic and the 2022 assembly elections.
"This Government is instrumental in changing the condition and direction of the state which was ranked and labeled as a BIMARU state five years back. More than 21 new policies of various departments have been implemented in the state and it has risen from 14th to the second rank in Ease of Doing Business," a Government spokesman said.
As a result of this, for the first time in comparison to many previous regimes, proposals for investment of Rs 4.68 lakh crores have come in the state, out of which proposals of more than Rs 3.5 crores have come to the ground.
Additional Chief Secretary (MSME) Dr Navneet Sehgal said that the State had the largest number of industries in India and pointed out that there had been an increase of 110 per cent in PMEGP in 2021-22 financial year. In 2020-221, a total of 11,107 units were set up with an investment of Rs 1,464 crore and more than 96,000 people were given direct and indirect employment, he added.
All the states have registered 91 per cent achievement in PMEGP at the national level, against the target of Rs 2,867 crore at the national level, of which only Rs 2,603 crore has been fulfilled. Whereas 110 per cent achievement has been registered in UP where UP Khadi and Village Industries Board has logged an achievement of Rs 148 crore against Rs 110 crore, District Industries Centre Rs 165 crore against 146 crore, Khadi and Village Industries Commission has recorded an achievement of Rs 51 crore against Rs 77 crore.
UP Khadi and Village Industries Board, District Industries Centre, Khadi and Village Industries Commission together have given about Rs 366 crore as subsidy to the units, against the target of Rs 334 crore.
The fund left by the states which have not been able to fulfill the target given by the Central government to all states in PMEGP has been used by the state government in UP. With the money of other States, more people have been benefited in the state than the target.