Latest news with #CMYUVA
Time of India
21-05-2025
- Business
- Time of India
SLBC lauds progress in financial inclusion
Lucknow: A meeting of the state level bankers' committee (SLBC), chaired by chief secretary (CS) Manoj Kumar Singh, was held in Lucknow on Wednesday. The CS spoke about significant progress in financial inclusion in the state with the support of banks, noting that almost every family and individual in urban and rural areas has a bank account. He also mentioned notable improvements in financial literacy and access to financial services, encouraging banks to enhance the deposit-credit ratio and strengthen credit flow in the state. The CS highlighted the success of the BC Sakhi scheme , under which around 50,000 women were trained and conducted transactions worth Rs 35,000 crore. He also discussed the CM YUVA scheme, which provides loans on easy terms to youth to set up their own enterprises. Lal Singh, executive director of Bank of Baroda and chairman of SLBC-UP, requested banks to implement centrally and state-sponsored schemes, issue Kisan Credit Cards for cropS, livestock and fisheries, connect all eligible individuals with social security schemes and ensure prompt resolution of pending applications in various govt schemes. Earlier, he provided insights into various banking activities and progress under govt-sponsored schemes during the March quarter in the state. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 2025 Top Trending local enterprise accounting software [Click Here] Esseps Learn More Undo During the meeting, detailed discussions were held on various banking parameters in the state, the progress of centrally and state-sponsored schemes, conducting Re-KYC for Jan Dhan accounts and taking concrete steps for economic empowerment.
United News of India
06-05-2025
- Business
- United News of India
MSME units should stay aligned with market demands: Yogi
Lucknow, May 6 (UNI) Chief Minister Yogi Adityanath on Tuesday emphasised the need for continuous upskilling and modernisation of Micro, Small and Medium Enterprises (MSME) units in Uttar Pradesh in line with evolving market demands. While reviewing the functioning of the MSME Department, the CM said, "As the state hosts the country's largest MSME base, it is important to adopt a robust strategy to build the capacity of youth engaged in this sector. Aspiring entrepreneurs under the 'CM-YUVA' scheme must undergo comprehensive and high-quality training before being granted loans." He said that MSMEs drive grassroots economic activities and serve as anchor units for large-scale industries. "With around 96 lakh active MSME units, contributing approximately 46 percent to the state's total exports and generating direct and indirect employment for over 1.65 crore people," he said. Yogi called for strengthening the sector strategically to fulfil the vision of 'Vocal for Local', 'Local to Global' and 'Brand UP'. Calling the present situation ideal for gaining global recognition for UP's traditional craftsmanship, agro-based products and innovation-led enterprises, he directed that all state schemes prioritise economic empowerment of youth, women, entrepreneurs and rural communities. He stressed the need to monitor these initiatives regularly to ensure effective implementation. During the review of self-employment initiatives, it was informed that in FY 2023-24, over 3.21 lakh youth registered under the 'Mukhyamantri Yuva Udyami Vikas Abhiyan' (CM YUVA) and more than 56,000 applications were received. The CM directed that timely loan disbursement be ensured in line with the annual target of one lakh beneficiaries and that coordination with banking institutions be strengthened. He reiterated that proper training for selected applicants is essential before the release of funds. During the review meeting, he was informed that under the Vishwakarma Shram Samman Yojana, the number of trained artisans and toolkit distributions has seen a significant jump, from 7,600 beneficiaries in 2018-19 to over 75,000 in 2023-24. Emphasising the scheme's growing impact, Yogi directed the officials to expand its coverage further, ensure the quality of training and maintain the strength and usefulness of the toolkits provided. Highlighting innovative infrastructure models for MSMEs, he praised the flattened factory complex as an effective approach to facilitate multi-unit industrial operations in limited urban spaces. Citing Kanpur as a successful example, he recommended replicating the model in other cities and involving the private sector as an active partner. Providing updates on the Mukhyamantri Swarojgar Yojana, the officials informed that margin money worth Rs 760 crore has been disbursed against over 31,000 applications, creating approximately 2.5 lakh jobs. Discussing the progress of the One District One Product (ODOP) initiative, the CM noted its pivotal role in reviving traditional crafts and small-scale industries across the state. "Since 2018, margin money of Rs 635 crore has been disbursed, alongside extensive support in training, marketing, design and technical assistance," he said. He directed the officials to enhance global branding, packaging and design of ODOP products to strengthen their competitiveness in international markets. It was also informed that UP leads the nation with 77 products receiving GI tags and GI registration is underway for an additional 25 products. A target has been set to secure GI tags for 75 more products in the current financial year. To boost awareness and marketability of GI-tagged items, Yogi directed that relevant entrepreneurs be registered as GI Authorised Users, helping preserve product authenticity and promote effective branding. UNI AB SJC
Time of India
25-04-2025
- Business
- Time of India
CM Yuva scheme to boost biz skills among SC youth
Lucknow: Govt on Friday announced that the CM Yuva scheme , a programme to promote self-employment among youth by helping them secure easy loans, will be linked with the Pradhan Mantri Anusuchit Jaati Abhyudaya Yojana . This will promote entrepreneurship among SC youth, particularly women, by making them self-reliant and encouraging business ventures, said an official. To make the grant-in-aid scheme implemented by the social welfare department more beneficial, Chief Minister Yogi Adityanath directed that it be tied to employment-oriented training. "The scheme supports employment-based projects by organising SC beneficiaries under a cluster model. Each beneficiary is eligible for a grant of up to Rs 50,000 or 50% of the project cost, whichever is lower. With the integration of CM YUVA, this grant will now serve as margin money, paving the way for easier access to institutional loans and enabling beneficiaries to start their enterprises," said a govt spokesperson. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Best website creation site | Build your store in minutes Shopify Shop Now Undo For more tangible results of social welfare schemes, the CM directed departments like MSME, the state rural livelihood mission, and CM YUVA to collaborate and develop a joint action plan. Under this model, the official said, SC youth will benefit from comprehensive vocational training, mentorship, financial literacy and marketing support. They will also have access to loans under the CM YUVA scheme, which will be backed by govt guarantees, enabling them to establish small and medium-sized enterprises, creating self-employment opportunities.
United News of India
25-04-2025
- Business
- United News of India
UP govt to link grant-in-aid scheme with CM YUVA
Lucknow, April 25 (UNI) In a significant move aimed at the economic empowerment of Scheduled Castes (SC), the Uttar Pradesh government is set to link the grant-in-aid scheme under the Pradhan Mantri Anusuchit Jaati Abhyudaya Yojana (PM-AJAY) with the Chief Minister Yuva Udyami Vikas Abhiyan (CM YUVA), official sources said here on Friday. Sources said that acting on the vision of Chief Minister Yogi Adityanath, this initiative will promote entrepreneurship among SC youth, particularly women, by making them self-reliant and encouraging business ventures. Sources said that to enhance the effectiveness of the grant-in-aid scheme implemented by the Social Welfare Department, CM Yogi has directed that it be tied to employment-oriented training. He emphasised that the scheme must be executed to enable beneficiaries to utilise the grant amount productively, with a special focus on empowering women. Sources said the scheme supports employment-based projects by organising SC beneficiaries under a cluster model. "Each beneficiary is eligible for a grant of up to Rs 50,000 or 50 per cent of the project cost, whichever is lower. With the integration of CM YUVA, this grant will now serve as margin money, paving the way for easier access to institutional loans and enabling beneficiaries to start their enterprises," they said. Sources said that this integrated approach is a strategic step towards elevating SC community above the poverty line by creating sustainable and respectable livelihood opportunities. In a recent meeting of the Social Welfare Department, the CM stressed the importance of ensuring that the schemes deliver tangible results on the ground. He directed departments like MSME, the State Rural Livelihood Mission (SRLM) and CM YUVA to collaborate and develop a joint action plan," they said. Sources said under this innovative model, youth from the SC will benefit from comprehensive vocational training, mentorship, financial literacy and marketing support. "These empowered entrepreneurs will also have access to loans under the CM YUVA scheme, which are backed by government guarantees. This initiative will enable them to establish small and medium-sized enterprises, creating self-employment opportunities and driving job creation for others," they said. Sources said the programme highlights the Yogi government's steadfast commitment to fostering inclusive growth and driving the socio-economic transformation of the SC. UNI AB PRS
