+
UP government to introduce a new MSME policy soon
ECONOMY & POLICY

UP government to introduce a new MSME policy soon

The micro, small and medium enterprises (MSME) minister Rakesh Sachan said that the Uttar Pradesh government would introduce a new MSME policy shortly.

The proposed policy will assist in setting up new industries in the state and promote ease of doing business.

Besides, a big loan fair would be organised across Uttar Pradesh on June 30. Loans will be made available to one-lakh artisans, handicraftsman, and small entrepreneurs. Around 96 lakh entrepreneurs have given Rs 2.5 lakh crore loans in the state during the last five years, he said.

He said the state government is taking several measures for the convenience and motivation of small entrepreneurs and investors. This comprises no objection certificate (NOC) being issued within 72 hours to entrepreneurs infusing in the state, he said.

Co-founder, and CEO of Lucknow-based AMA Herbals, Yawer Ali Shah, said that the use of options like Bio Indigo as a dye for denim would direct to sustainable development and environmental conservation, which would usher in a positive shift within the textile industry.

The company has Bio Indigo as a sustainable natural dye alternative. If the firm wants to decrease its carbon footprint, then Bio Indigo has to be encouraged. Instead of utilising a kilogram of synthetic indigo, using Bio Indigo, the carbon footprint can be decreased by up to 10 kilogram with less expense and effort. Bio indigo has been created to meet the challenges due to which the textile industry is encountering increasing pollution levels, he said.

He also explained Bio Indigo as a future cash crop. If farmers cultivate Bio Indigo, then their income per acre will be considerably higher.

He said the Centre must give subsidies on natural dye to make it cost-effective. This can decrease the carbon footprint impact of textile processing and decrease the import of synthetic indigo from China. It will assist employ large numbers of farmers, he said.

Image Source

Also read: BII, DFI to invest $75 mn to fund MSME projects in Africa, Asia

The micro, small and medium enterprises (MSME) minister Rakesh Sachan said that the Uttar Pradesh government would introduce a new MSME policy shortly. The proposed policy will assist in setting up new industries in the state and promote ease of doing business. Besides, a big loan fair would be organised across Uttar Pradesh on June 30. Loans will be made available to one-lakh artisans, handicraftsman, and small entrepreneurs. Around 96 lakh entrepreneurs have given Rs 2.5 lakh crore loans in the state during the last five years, he said. He said the state government is taking several measures for the convenience and motivation of small entrepreneurs and investors. This comprises no objection certificate (NOC) being issued within 72 hours to entrepreneurs infusing in the state, he said. Co-founder, and CEO of Lucknow-based AMA Herbals, Yawer Ali Shah, said that the use of options like Bio Indigo as a dye for denim would direct to sustainable development and environmental conservation, which would usher in a positive shift within the textile industry. The company has Bio Indigo as a sustainable natural dye alternative. If the firm wants to decrease its carbon footprint, then Bio Indigo has to be encouraged. Instead of utilising a kilogram of synthetic indigo, using Bio Indigo, the carbon footprint can be decreased by up to 10 kilogram with less expense and effort. Bio indigo has been created to meet the challenges due to which the textile industry is encountering increasing pollution levels, he said. He also explained Bio Indigo as a future cash crop. If farmers cultivate Bio Indigo, then their income per acre will be considerably higher. He said the Centre must give subsidies on natural dye to make it cost-effective. This can decrease the carbon footprint impact of textile processing and decrease the import of synthetic indigo from China. It will assist employ large numbers of farmers, he said. Image Source Also read: BII, DFI to invest $75 mn to fund MSME projects in Africa, Asia

Next Story
Infrastructure Urban

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?