Post lockdown, UP infused Rs 26,000 cr working capital to one million MSMEs

State seeks to benefit 2 million MSMEs, create eight million jobs in current fiscal

In order to accelerate the process of getting the covid-19 hit economy back on track, the Uttar Pradesh government facilitated working capital loans to the tune of Rs 26,000 crore to almost a million micro, small and medium enterprises (MSME) in the post-lockdown period.

The beneficiary MSMEs comprised about 435,000 existing and 540,000 new units across different industry segments, which were provided bank financing totalling Rs 10,727 crore and Rs 15,246 crore respectively under various central and state government schemes.

“To boost the economic activities in the state, we are striving to provide funding to the MSMEs through commercial banks under the