MSME: Yogi Adityanath government's weapon against Opposition criticism over Covid-19 Read more at: https://www.deccanherald.com/national/north-and-ce
The UP Assembly election is only a few months away, and the opposition is preparing to attack the government over the ‘mismanagement’ of Covid-19 and the apparently poor economic situation in the country. ‘State.
But, the government can counter the opposition attack by focusing on the work done in micro, small and medium enterprises (MSMEs) over the past four years. MSMEs from states. It is important to note that the MSME sector is the largest provider of jobs in PU after agriculture. It contributes more than 60 percent of the state’s industrial production and 40 percent to exports. The state’s export value was over Rs 1.21 trillion in 2020-2021.
A senior UP government official said that the injection of this amount had a massive effect in the state and resulted in industrial sector investments of nearly 4 trillion rupees, which generated 25 million rupees. direct and indirect jobs and self-employment opportunities.
Read more: UP attracted investment worth Rs 4 lakh crore, community riots verified: Yogi Adityanath
According to UP Additional Chief Secretary (MSME and Export Promotion) Navneet Sehgal, even as the pandemic struck in 2020-21, the state government facilitated a credit injection of around Rs 73,765. crore to the MSME sector, which helped to overcome the crisis. . Compared to the credit drawdown of Rs 28,136 crore in 2017-18, the injection of Rs 73,765 crore in 2020-21 indicates the leap forward in credit facilitation by the UP government, Sehgal said, adding that around 7.4 million units had benefited from it. “
Chief Minister Yogi Adityanath, at the inauguration of the Defense and Aerospace Indigenization Summit (ISDA 2021), said: We have overhauled over 30 investment-related policies in the past four years to stimulate industrialization. The state now ranks second in terms of ease of doing business as it is now the country’s second largest economy after Maharashtra.
Public finance and policy expert Yashvir Tyagi said the state government has worked hard to make UP a preferred destination for foreign and domestic investors, and positive results are now being observed.
It is therefore needless to say that as opposition parties like the Samajwadi party, Congress and the Bahujan Samaj party prepare to step up the pressure on the BJP government, the Saffron party will project its work in the MSME and how the government was able to create jobs when the Covid-19 pandemic hit India and its economy.