Government will give 5 lakh rupees for business, these people will benefit

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Yogi government will help small businesses in Uttar Pradesh to increase business among Coronavirus mahamari. They will get help of Rs 5 lakh for marketing their product.

Yogi government will help small businesses in Uttar Pradesh to increase business among Coronavirus mahamari. They will get help of Rs 5 lakh for marketing their product. The government has decided to provide marketing assistance to MSMEs in the state under the new ‘Start Up Policy 2020’. The new Start Up Policy 2020 has been notified.

Let us know that the Modi government has announced to provide many help to strengthen the MSME sector. These include incentives to increase business as well as subsidy on loan interest.

Registered MSMEs get the benefit of capital subsidy along with subsidy and tax exemption. Registration helps them to reach out to the government lender and they can get easy loan at a lower rate of interest.

The UP government will soon implement the policy, in which startups and incubation centers will be encouraged on a large scale across the state. According to Additional Chief Secretary (Electronics and Information Technology) Alok Kumar, under the new policy, marketing assistance of up to Rs 5 lakh will be provided for MSME.

 According to Kumar, the Department of IT and Electronics is working closely with Sidbi (Small Industries Development Bank of India) to help with new start ups and venture capital funding of MSMEs. With the help of IT, almost all the District Industries Centers are online and facilities are provided within 72 hours after the MSME has filled the letter to District Industries Center online.

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The number of members of PHDCCI Chamber is more than one and a half lakh and 70 percent of them are MSMEs. The Chamber is working closely with the government to make India an industrial hub.

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