Latest news with #RakeshSachan
India Gazette
20 hours ago
- Business
- India Gazette
MSME sector in UP sees rapid growth, over 96 lakh units operational: Minsiter Rakesh Sachan
Lucknow (Uttar Pradesh) [India], June 27 (ANI): Uttar Pradesh Minister for Micro, Small, and Medium Enterprises Rakesh Sachan highlighted the state's thriving MSME sector, with over 96 lakh units generating employment for lakhs of people. Speaking at an International MSME event, Sachan said, 'MSMEs are growing rapidly in Uttar Pradesh. Entrepreneurs from various districts of the state who are benefiting from government initiatives have gathered here today. Currently, there are over 96 lakh MSME units operating in the state.' Sachan attributed the state's rise in entrepreneurship to improved infrastructure and said, 'Improved roads and better connectivity have contributed to the rise of entrepreneurship in Uttar Pradesh. Through the MSME sector, lakhs of people are being provided employment. Around 4 lakh individuals have received toolkits, which has helped promote small industries.' Sachan highlighted efforts to boost MSME growth, including making land banks available at affordable prices and offering financial assistance of up to Rs 14 crore. He said, 'In Aliganj, Kanpur, we are also making land banks available under MSME development schemes. Our goal across the state is to make land banks accessible at affordable prices. Earlier, such schemes were announced, but the benefits did not actually reach the people. Now, they are truly being implemented. Under the MSME policy, we are providing financial assistance of up to Rs 14 crore.' Sachan announced the launch of the CM Yuva Yojana, providing interest-free loans to young entrepreneurs, and the Yuva Adda initiative to create large-scale employment opportunities. 'The CM Yuva Yojana has been launched, offering interest-free loans to young entrepreneurs. We are working towards connecting every individual with employment, and under the capable leadership of the Chief Minister, this mission is being carried out across the entire state. Today, Chief Minister Yogi Adityanath inaugurated the Yuva Adda initiative. We aim to launch this program in every district to create large-scale employment opportunities for the youth,' he added. Sachan highlighted initiatives to boost employment, including a mobile application and the PM MITRA Park in Hardoi, expected to create over 1 lakh jobs, benefiting youth in Gautam Buddha Nagar, Hardoi, and Lucknow. 'A mobile application has also been launched to support this effort. The PM MITRA Park is coming up in Hardoi, which is expected to generate employment for over one lakh people. It will especially benefit the youth of Gautam Buddha Nagar, Hardoi, and Lucknow by creating significant job opportunities. We are providing a platform for small-scale producers so they can grow and succeed. The Chief Minister is also distributing cheques to beneficiaries as part of the empowerment initiatives.' (ANI)
Hindustan Times
a day ago
- Business
- Hindustan Times
Yogi to launch CM-YUVA app on MSME Day today
Jun 27, 2025 05:38 AM IST : Chief minister Yogi Adityanath will launch several schemes for the micro, small and medium enterprises sector, including the CM-YUVA mobile app, on the MSME Day at Lok Bhavan auditorium here on Friday. Chief minister Yogi Adityanath (For representation only) This app will help youth with jobs, career guidance and entrepreneurship support. A short film showing the features of the CM-YUVA programme will also be screened. The CM will also virtually inaugurate ODOP Common Facility Centres (CFC) set up in Bareilly and Moradabad districts and distribute allotment letters to five beneficiaries of an infrastructure project in Khyamai, Aligarh. Besides, he will launch the new 'Youth Adda' developed in Kisan Bazar, Lucknow, which will serve as a place for young people to learn entrepreneurial skills. Cheques and toolkits will be handed out to 15 selected beneficiaries under the MSME policy, CM-YUVA and other job-focused schemes. Under the ODOP program, five artisans will also receive toolkits. An MoU will be signed between the Human Welfare Association and the commissioner and director of industries, aiming to secure more GI tags for local products. The event will also be attended by Rakesh Sachan, state minister for khadi and village industries, MSME, handloom, silk and textiles, along with senior officials of the MSME department.
Time of India
a day ago
- Business
- Time of India
UP govt has transformed MSME sector in state: Dy CM
1 2 3 Lucknow: Deputy Chief Minister Brajesh Pathak on Thursday termed the small-scale industries the catalyst of nation-building and said the UP govt has worked very hard on this front over the past few years. "Since BJP got the chance to serve the people of UP in 2017, the investment and business ecosystem of the state changed for the better. This journey of transformation would continue with concerted efforts and contributions of all stakeholders," he said at the ASSOCHAM MSME conclave. State MSME minister Shri Rakesh Sachan said the aim of the state govt is to make the sector the most employment-generating one. "While on one hand, the govt eliminated barriers that prevented business expansion, on the other hand it came up with policies that boost business activity," he said, adding that the focus is to raise a skilled workforce now. State finance minister Suresh Khanna said the efforts made by the govt can yield fruits only when the govt banks also become liberal for this sector. Khanna said the Yogi govt has been making continuous efforts to encouraging small and medium industries through One District One Product (ODOP), Unity Mall, Chief Minister Yuva Udyami Yojana etc. Advisor to CM, Awanish Awasthi stressed the need for the representatives to know the policies of the govt. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Köln: GEERS sucht 700 Testhörer für Hörgeräte ohne Zuzahlung GEERS Undo "The govt has made all kinds of platforms and arrangements, but due to a lack of awareness, entrepreneurs are not able to take advantage of them," he said. Minister of state (independent charge) Kapil Dev Agarwal interacted with members of the business community to clear their doubts and offer solutions to their problems. Additional CEO, Invest UP, Shashank Chaudhary, said the state's formidable base in Micro, Small, and Medium Enterprises—which was one of the highest concentrations of MSMEs in India—was a testament to its thriving entrepreneurial spirit and deep-rooted business ecosystem. "Complimented with demographic dividend, business-friendly ecosystem, strong resolve, and leadership, UP has become a magnet of investment. The MSME players of the state shall continue to reap benefits from it," he said, urging younger people to become job-givers instead of chasing the line of jobseekers.
