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4.41 Lakh Stressed MSMEs Got Credit Support Under ECLG Scheme in UP: Sidharth Nath Singh

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The Uttar Pradesh government has helped 4.41 lakh stressed MSME units by providing them credit under the Central government’s Emergency Credit Line Guarantee Scheme (ECLGS), said state Minister of Micro Small and Medium Enterprises (MSME) Sidharth Nath Singh.

He said this during a virtual conference on Friday, which was also attended by Navneet Sehgal, Additional Chief Secretary, Information, MSME, Export Promotion, Khadi and Village Industry, Government of Uttar Pradesh.

Highlighting the notable milestones of the BJP govt in the state, the UP Minister stated that the immense success of the UP Investors Summit (organised in February 2018) led to the generation of 1,045 investment intents worth more than Rs 4.28 lakh crore across sectors.

Speaking about the creation of various opportunities by the government amid the COVID-19 pandemic, Navneet Sehgal noted that the BJP govt had set up a dedicated Helpdesk at Invest UP in April 2020. The helpdesk was able to gather more than 96 investment intents, including intents from companies from around 10 countries such as Japan, the US, UK, Canada, Germany, South Korea and Singapore worth around Rs 66,000 crore.

SMEStreet Edit Desk

SMEStreet Edit Desk is a small group of excited and motivated journalists and editors who are committed to building MSME ecosystem through valuable information and knowledge spread.

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