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Coronavirus: UP CM applauds Centre's Rs 20 lakh crore economic package

Uttar Pradesh Chief Minister Yogi Adityanath said that keeping in mind the MSME sector, the state is going to organise a loan fair from Thursday

twitter-logo PTI        Last Updated: May 13, 2020  | 20:50 IST
Coronavirus: UP CM applauds Centre's Rs 20 lakh crore economic packageCoronavirus: UP CM applauds Centre's Rs 20 lakh crore economic package
Uttar Pradesh Chief Minister Yogi Adityanath

Uttar Pradesh Chief Minister on Wednesday lauded the Centre for Rs 20 lakh crore COVID-19 economic stimulus package, saying it would benefit over three crore people in state's Micro, Small and Medium Enterprises (MSME) sector.

He also said that keeping in mind the MSME sector, the state is going to organise a loan fair from Thursday. "Tomorrow, over 36,000 entrepreneurs will be given Rs 1600-2000 crore in loans," said the chief minister according to an official spokesman.

"I thank Prime Minister Narendra Modi and the finance minister for the package. Presently, UP is the state with maximum MSMEs. Over three crore people of state are related to the sector directly or indirectly. This will make them strong," Adityanath said.

"My government with the help of One District One Product (ODOP) scheme tried to give a new life to MSME sector but due to coronavirus pandemic some hurdles came up. Announcement of Rs 3 lakh crore loan for MSMEs and other initiatives are welcome step," he said.

Also read: Stimulus package: FM announces Rs 20,000 crore sub-ordinate debts scheme; to benefit over 2 lakh businesses

Also read: Nirmala Sitharaman press conference: Income Tax returns due date extended to Nov 30

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