Yogi Adityanath’s Uttar Pradesh does well in generating jobs

Lucknow: Chief Minister Yogi Adityanath’s initiative towards making Uttar Pradesh’s economy number one in the country is paying off. Now instead of searching for jobs, youth of the state are also becoming job givers. Uttar Pradesh has become the first state to provide maximum investment and employment under the Prime Minister’s Employment Generation Program (PMEGP) in the country. This achievement has been recorded despite the global pandemic Corona and the assembly elections held in the state.

CM Yogi has played a big role in changing the condition and direction of the state which is counted as BIMARU state in the last five years. More than 21 new policies of various departments have been implemented in the state and it has risen from 14th to second rank in Ease of Doing Business. As a result of this, for the first time in comparison to many previous governments, proposals for investment of four lakh 68 thousand crores have come in the state, out of which proposals of more than 3.5 crores have come to the ground.

Dr. Navneet Sehgal, Additional Chief Secretary, MSME said that the state has the largest number of industries in the country under PMEGP. There has been an increase of 110 per cent in PMEGP in the financial year 2021-22. In the last one year, 11,107 units have been established with an investment of Rs.1464 crore and more than 96 thousand people have got employment directly and indirectly.

Subsidy given more than the target of Rs 40 crore: In PMEGP at the national level, all the states have registered 91 percent achievement, against the target of 2867 crore at the national level, only Rs 2603 crore has been fulfilled. Whereas, 110 percent achievement has been registered in the state. In the state, the Uttar Pradesh Khadi and Village Industries Board has registered an achievement of Rs 148 crore against Rs 110 crore, District Industries Center Rs 165 crore against 146 crore, Khadi and Village Industries Commission has recorded an achievement of Rs 51 crore against 77 crore.

UP used money from other states for the first time: Uttar Pradesh 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, while the target was set at Rs 334 crore only. . The money left by the states which have not been able to fulfill the target given by the central government to all the states in PMEGP, has been used by the state government in UP. With the money of other states, more people have been benefitted in the state than the target.

You can also take advantage of PMEGP: The central government gives 35 percent subsidy on setting up a new industry under PMEGP. The Uttar Pradesh Khadi and Village Industries Board gives 13% interest for three years. Eight lakh 75 thousand rupees are given as subsidy on projects up to a maximum of 25 lakhs. After successfully running the unit for three years, a loan of one crore rupees can be taken again for the expansion of the unit. On this also 15 percent subsidy is given by the government.

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