2.5 times hike in loans to MSMEs in Uttar Pradesh

UP chief secretary RK Tewari and additional chief secretary Navneet Sehgal at Trade Fair in DelhiLUCKNOW: UP chief secretary RK Tewari on Sunday said the loans disbursed to the MSME units in the state rose by 2.5 times in the past 4.5 years.
Inaugurating UP Pavilion “India International Trade Fair-2021” at Pragati Maidan in New Delhi, Tewari said loan disbursment to MSME grew from Rs 28,136.00 crore in 2016-17 to Rs 73,765.00 crore loan in 2020-21.
He said that UP ranks first in the country in terms of establishment of MSME units. About 90 lakh units are registered in the state, which is 14.2% of the total registered units in the country.