Chief Minister of Uttar Pradesh(UP), Yogi Adityanath, announced that the current COVID-19 crisis has its own pros and cons. It has provided an opportunity for the state. And Uttar Pradesh’s Government is ready to accept it as a challenge and will initiate job and employment opportunities. CM says it will be the next enduring hub for MSME sector. This will provide a sense of security among people with less capital and negligible risk.
It will encourage entrepreneurs to set up business units by offering loans on easy terms. It will ensure to provide about 90 lakh jobs in the MSME sector to people who are unemployed. Being man force a strength for the country, Uttar Pradesh is willing to utilise and exploit the opportunity in its way for the benefit of economy.
Chief Minister says the aim for 90 lakh people being employed will be accomplished when each MSME unit in the state hire a single person to their workforce. The details of plan included the rules for all types of no-objection-certificates which will be simplified along with new rules and norms for newly set up units. As transparency will behold the trust in the system all these certificates will be available in a single window system. Entrepreneurs who wish to set up MSME units will receive the certificates even in last 100 days of the 1000 days window.
As decided bankers will lend loans on simple conditions to every entrepreneur setting up the unit. Loan fair will be held till May 20. People willing to take part in it will have to apply online.
The Chief Minster have asked the officials to encourage the entrepreneurs to list down the start up plans and give it a hit to establish MSME units in the state. Government has simplified various labour laws to revive the industries for three years which speaks in favour of the work force. Willingly, it will attract the labours to the state. Yogi Adityanath is in process of formulating policies and strategies to provide employment to 20 lakh migrant workers who are expected to return to the state amid the ongoing lockdown.