Uttar Pradesh: With the aim to revive its coronavirus-hit economy, Uttar Pradesh Chief Minister Yogi Adityanath has decided to provide 90 lakh job opportunities in Micro, Small and Medium Enterprises (MSME).

In a meeting with key officials in Lucknow on Sunday, the UP Chief Minister said that "It is our commitment to bring back the glory of MSME sector. The present crisis due to coronavirus has given us an opportunity. We are taking it as a challenge to turn Uttar Pradesh into the hub of MSME sector. Banks will give loans to every willing entrepreneur on generous terms. This sector will provide at least 90 lakh job opportunities."

As quoted in an IANS report, CM said that "there are 90 lakh MSME units in Uttar Pradesh at present. Ninety lakh people could get employment if one job is added to the workforce of each of the existing 90 lakh MSMEs in the state."

Yogi Adityanath said rules for all types of NOCs will be relaxed along with the environmental clearances for new units. For transparency, all certificates will be available in a single-window system, Adityanath said.

Uttar Pradesh has a rich history of micro, small and medium industries. The specific product of every district (one product in each district) is proof of this, he said.

Briefing further about the development, Yogi said, "Entrepreneurs who set up units in this sector will be able to apply and get NOCs quickly. Online applications will be invited for loans from banks. Loans fairs will be organised between May 12 and May 15 in each district. Banks have been directed to provide loans on easy terms."

The Chief Minister said the officials should motivate more entrepreneurs to set up units in the state.

"Prepare a detailed action plan as soon as possible. Despite the recession, this sector has contributed significantly to the growth of per capita income of the state in the last three years. We will further increase the income through this," he said.