Ease of Doing Business for MSMEs: To increase industrialisation in the state, UP Minister for Micro, Small and Medium Enterprises (MSME) Sidharth Nath Singh mentioned, they are beginning a new initiative named ‘Micro Village’ conceptualised about the vision of Gram Swaraj to make just about every village an independent, self-reliant entity.
In his address on Thursday, Nath mentioned, “Industrialisation should happen at the micro-level to benefit the people living in the smallest, farthest village.”
The initially pilot project is underway in Prayagraj (formerly identified as Allahabad) and the strategy is to set up such clusters in just about every district in the state.
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Describing the initiative, Nath mentioned each and every cluster will have vertical factory sheds, a bank for raw components, a coaching centre for labour, and an accommodation facility. “We are hoping this initiative will boost the economy of the state and help in achieving the Chief Minister’s $1 trillion economy target.”
The Minister spoke of many other initiatives by the government to boost the competitiveness of the state as an industrial hub. He mentioned more than the last 4 years loans worth Rs 2.5-lakh-crore have been disbursed to the MSMEs which has produced direct and indirect employment possibilities for about 2.60 crore people today.
The MSME Ministry is also working on creating a tactic to integrate merchandise from MSME units into the worldwide provide chain and boost their competitiveness. He mentioned they have also created district-sensible plans to market classic industries in that region.
On development in the state, Nath mentioned when BJP government took more than, in 2017, a roadmap was produced to repair the rural economy. Under which the One District One Product (ODOP) scheme was rolled out in 2018. Now ODOP is in just about every district in the state. Navneet Sehgal, Additional Chief Secretary, MSME mentioned, “ODOP is a big reason for the increase in the exports of UP……..The export of the state was Rs 88,967 crore in 2017-18, which has increased by 35 percent i.e. Rs 1,21,139 crore in 2020-21.”