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MSME sector gets investment proposals worth Rs 1.37 lakh crore | Lucknow News

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February 18, 2023
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MSME sector gets investment proposals worth Rs 1.37 lakh crore | Lucknow News
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LUCKNOW: Out of the 19,000 plus MoUs signed by the federal government throughout World Traders Summit, round 9,000 are for the MSME sector. The federal government had set a goal of Rs 1.25 lakh crore for the MSME division, in opposition to which it has investment proposals worth Rs 1.37 lakh crore. When these tasks turn into useful, a authorities official mentioned, they would offer jobs to as many as 18 lakh folks.
The state already has the very best variety of MSME models within the nation at 95 lakhs, a determine which is ready to rise within the coming days in mild of the proposed investments, mentioned an official.
“As many as 6,212 MoUs have been signed underneath MSME, the investment quantity of which is lower than Rs 10 crore. These MoUs will convey a complete investment of Rs 26,124 crore to the state. Along with this, 938 MoUs with an investment vary of between Rs 10 crore to Rs 20 crore have additionally been signed, which can convey an investment of Rs 15,341 crore to the state. One other 451 MoUs with an investment vary between Rs 20 crore to Rs 30 crore have been signed, which can usher in investments of Rs 11,956 crore,” the official mentioned.
Amongst MoUs of a better worth, 213 MoUs worth between Rs 30 crore to Rs 40 crore have been signed with a complete investment worth of Rs 7,931 crore. One other 894 MoUs of Rs 40 to Rs 50 crore, totaling an investment of Rs 43,890 crore have been signed, together with 8,708 MoUs with a worth of above Rs 50 crore which can convey an investment of Rs 1,05,242 crore.
An investment of Rs 5,341 crore is anticipated by 65 MoUs which have a worth of between Rs 50 crore and Rs 100 crore. One other Rs 4,984 crore by 33 MoUs is anticipated that are between Rs 100 crore and Rs 200 crore. An investment of Rs 3,391 crore shall be made by 13 MoUs with a variety between Rs 200 crore and Rs 500 crore. The federal government additionally signed 10 MoUs which might be above Rs 500 crore every.





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