financetom
Economy
financetom
/
Economy
/
7.5 lakh youths to get jobs via PM-CM internship programmes says UP CM Yogi Adityanath
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
7.5 lakh youths to get jobs via PM-CM internship programmes says UP CM Yogi Adityanath
Jun 28, 2023 1:49 AM

Emphasising the significance of micro, small, and medium enterprises (MSMEs) as a means of livelihood for millions of people in Uttar Pradesh, Chief Minister Yogi Adityanath announced the provision of jobs for 750,000 youths through the PM and CM Internship Programs in the state.

Share Market Live

NSE

During the loan distribution program organised by banks at Lok Bhavan in Lucknow on International MSME Day 2023, the Chief Minister urged the MSME department to establish MSME clusters along the Purvanchal, Bundelkhand, and Ganga Expressways by identifying suitable land. The state government's statement outlined these developments.

Adityanath instructed relevant authorities to expedite the establishment of Unity Malls in Lucknow, Varanasi, and Agra, while also catering to the needs of MSME entrepreneurs by providing the necessary facilities.

A total of Rs 20,000 crore was simultaneously disbursed to 341,000 MSME entrepreneurs to contribute to the overall development of the sector.

“Due to the lack of cooperation from the government, the entrepreneurs in this sector had become frustrated and disappointed. However, in the past six years, our government has been running nearly 96 lakh MSME units which serve as the source of livelihoods for crores of people,” he said as reported by ANI.

Also read: Experts discuss growth potential and key challenges for MSMEs

During the event, Adityanath called for the opening of a Unity Mall in Avadh Shilpgram, Lucknow, within three months as part of the project's initial phase. He acknowledged that entrepreneurs in the MSME sector had faced frustration and disappointment due to a lack of government support, but under his administration, nearly 9.6 million MSME units have been operating, serving as a source of livelihood for millions of people.

He proudly mentioned that Uttar Pradesh was the first state in the country to implement the "One District One Product" (ODOP) scheme to support the MSME sector. He also praised the state's ODOP scheme, highlighting that Uttar Pradesh has received Geographical Indication (GI) tags for 52 of its products, making it one of the leading states in this regard.

The Chief Minister presented certificates to 11 ODOP entrepreneurs whose products have received GI tags. These entrepreneurs represented various products such as the "Dholak" (two-headed hand drum) from Amroha, locks ("Tala") from Aligarh, home furnishings from Baghpat, Shajar stone from Banda, handloom from Barabanki, Nagina woodcraft from Bijnor, Kalpi handmade paper from Jalaun, Gaura stone (a radiant natural stone) from Mahoba, Tarakashi (a technique of inlaying brass, copper, or silver wires in wood) art from Mainpuri, horn handicraft from Sambhal, and Bakhira brassware from Sant Kabir Nagar.

(With inputs from ANI)

Also read: India Ideas Summit 2023: Indian companies support over 4 lakh jobs in the US, says Secretary of State Antony Blinken

First Published:Jun 28, 2023 10:49 AM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Daily Roundup of Key US Economic Data for April 22
Daily Roundup of Key US Economic Data for April 22
Apr 22, 2024
11:20 AM EDT, 04/22/2024 (MT Newswires) -- The Chicago Federal Reserve's National Activity index rose to 0.15 in March from 0.09 in February. The three-month moving average increased to minus 0.19 from minus 0.28. ...
Vanguard recommends increasing inflation protection in portfolios
Vanguard recommends increasing inflation protection in portfolios
Apr 22, 2024
NEW YORK (Reuters) - A Vanguard executive said on Monday increasing inflation protection in investment portfolios was worthwhile in light of recent data showing rising U.S. price pressures. For international investors, the strategy was also worth considering because conflicts in the Middle East could lift transportation costs and oil prices, Roger Hallam, global head of rates at the world's second...
Black swan hedge fund says Fed rate cuts will signal market crash
Black swan hedge fund says Fed rate cuts will signal market crash
Apr 22, 2024
NEW YORK (Reuters) - While U.S. financial markets debate the timing of interest rate cuts, one tail-risk hedge fund is warning that investors should make the most of recent economic optimism while it lasts, as a shift to lower rates will signal a dramatic market crash. This is a case of be careful what you wish for, said Mark Spitznagel,...
Fed hawks and doves: US central bankers see 'no urgency' to cut
Fed hawks and doves: US central bankers see 'no urgency' to cut
Apr 22, 2024
(Reuters) - The labels dove and hawk have long been used by central bank watchers to describe the monetary policy leanings of policymakers, with a dove more focused on risks to the labor market and a hawk more focused on the threat of inflation. The topsy-turvy economic environment of the COVID-19 pandemic sidelined those differences, turning Federal Reserve officials at first...
Copyright 2023-2026 - www.financetom.com All Rights Reserved