The registration for the MSME Loan Mela has been started on the official website of Uttar Pradesh Chief Minister Yogi Adityanath diupmsme.upsdc.gov.in. Under this UP MSME Loan Mela, interested individuals can apply in online mode for loans up to Rs 2,000 crore. The MSME Loan Mela has been started with the aim of increasing the production of products in the country. In this article, we will provide you information about the features, benefits, and documents of MSME loans.
The loan is given in MSME Scheme
The Chief Minister of Uttar Pradesh has disbursed an online loan of Rs 2,447 crore to new units (MSMEs) under this scheme. Through this loan in the area of MSMEs of the state, there will be economic development in the business of micro, small and medium enterprises. Those who want to join this beneficial scheme of the state government, should apply under this scheme as soon as possible and take advantage of the scheme.
UP MSME Loan Mela
The Government of India has recently announced a relief package of 20,000 crores for MSMEs. Through this relief package, efforts are being made to bring the economy back on track in the time of coronavirus infection. In this sequence, the MSME Loan Mela has also been started by the Yogi Adityanath government of UP. In this loan fair, loans up to Rs 2,000 crore have been arranged for the micro, small and medium industries of UP. It has been told that at present, more than 11 crore people get employment opportunities through the MSME sector in the country. In such a situation, a loan of ₹ 2000 crore will be provided to 36,000 business persons as financial assistance to promote economic development through the UP MSME Loan Mela.
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The UP govt launched the MSME Saathi Portal & Mobile App within 24 hours of the central govt starting the economic package. Which will benefit more than 56 thousand entrepreneurs of the state’s MSME sector. Along with this, Rs 2000 crores were disbursed by Chief Minister Yogi Adityanath to 56 thousand 754 entrepreneurs in the form of loans. If you also want to take advantage of the scheme. But you have not yet registered under this scheme. Then get yourself registered as soon as possible and take advantage of this scheme started by the state government.
UP Micro, Small & Medium Enterprises Loan
The process of filling the online application for UP Loan Mela Micro, Small, and Medium Enterprises (MSME) will continue from 14th May to 20th May 2020. The UP govt has made arrangements to provide loans to 36000 MSME entrepreneurs through online mediums on the first day. These MSME online loans will be made available through tie-up banks with the government which will make it even easier to avail of this hassle-free loan service.
- All micro, small and medium entrepreneurs will be encouraged to take their business forward.
- The entire loan amount will be directly transferred to the beneficiary’s bank account in a very short time.
- A total loan of Rs 2000 crore will help in making the state financially stable.
- During the COVID-19 pandemic, imports of many products have stopped, so this is a great opportunity for local businesses to expand their operations.
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What is the MSME loan scheme?
Micro industries, medium industries, small-scale industries come under this yojana. Under the MSME loan scheme, for the promotion of these industries, the Uttar Pradesh government will provide financial assistance to 36,000 business persons by giving a loan of ₹ 2000 crore. This financial assistance will act as a backbone for MSMEs in the time of coronavirus infection. In this scheme, loans will be made available to all small, micro, and medium industries through those banks with which the government has tied up. Under this scheme, arrangements have been made to provide loans to 36,000 MSME entrepreneurs on the online portal on the very first day itself. Hassle-free loan service will be provided through this portal. The process of registration under UP MSME Loan Mela will start from 14th May and will end on 20th May 2020.
Purpose of organizing
You all know that at this time in view of the infection of Coronavirus in the country, there is a lock-down situation in the country till May 17. In such a country, small and medium industries have reached the verge of closure. Many industries are facing difficulty in running their own business. To solve this problem, a relief package has also been announced by the central government. In this sequence, the UP MSME loan scheme has also been started by UP Chief Minister Yogi Adityanath. Through this scheme, a major boost will be provided to the micro, medium, and small entrepreneurs of Uttar Pradesh by giving them loans for the development of their business. This will greatly reduce the chances of closure of small and micro industries.
MSME Loan Mela Official website:- http://diupmsme.upsdc.gov.in/