In order to make the youth of Uttar Pradesh self-reliant, loans to the tune of Rs 2,27,326 crore have been disbursed to 70,69,447 micro and small units in the last four and a quarter years.
Self- employment rose significantly even during the Covid period due to the financing of small and micro units. In the last 15 months, as many as 35,12,000 units have got a loan of Rs 65,538 crore.
Chief Minister Yogi Adityanath has played an important role in making the youth of the state self-reliant. It resulted into a situation that on an average, two crore people have got employment from these units.
The state government has given loans to these units manifold as compared to the previous governments. In the financial year 2017-18, Rs 41,193 crore of loans were given to 7,87,572 entrepreneurs, Rs 47,764 crore loans to 10,24,265 entrepreneurs in the financial year 2018-19 and Rs 62,831 crore to 17,45,472 entrepreneurs in 2019-20. In the financial year 2020-21 from April 1, 2020 to March 2021, Rs 63,038 crore of loans have so far been disbursed to over 34.80 lakh entrepreneurs.
In comparison, during the SP regime in the financial year 2016, only 6,35,583 micro and small entrepreneurs were given loans to the tune of Rs 27,202 crore. In a latest development, Yogi made available a loan of Rs 2505.58 crore to 31,542 MSME units in a loan fair through online self-employment Sangam programme on Wednesday. About 20 lakh people will get employment from these units even as nine months are still left in the current financial year.
According to official sources, the state government will take more measures to encourage the private sector in the next nine months.