Uttar Pradesh first in the country with 99 percent loan distribution in Prime Minister Micro Food Processing Industries Scheme (PMFME), Keshav Prasad Maurya


Deputy Chief Minister Keshav Prasad Maurya said that the food processing industry will play an extremely important role in realizing Prime Minister Shri Narendra Modi’s resolve of “Developed India”. This sector will become a powerful medium to provide better prices to farmers for their produce, expand agro-based industries and provide local employment to the youth. He said that under the leadership of Chief Minister Yogi Adityanath, Uttar Pradesh is emerging as the biggest center of investment, industrial development and agro-based industries.

He directed the officials to ensure wide publicity of all the incentives, grants and investment facilities available under the Uttar Pradesh Food Processing Industry Policy-2023 so that more and more investors establish industries in the state and the rural economy gets a new impetus. Besides, the use of solar energy and green technologies should also be promoted in industries, so that industries can become more competitive and self-reliant. In the meeting, while reviewing the scheme in detail with the bankers, instructions were given to achieve the target of 31,000 approved projects by the end of July. Special emphasis was also laid on speedy disposal of 6,208 applications pending in various banks so that loans can be made available to eligible entrepreneurs on time and there is no hindrance in the investment process.

During the meeting, mango growers and experts and farmers who made excellent contributions in the food processing sector were honored by giving them citations and mementos. Also, Mr. Naveen Aggarwal, investor of Crazy Snacks Limited of Gorakhpur informed that by successfully launching the IPO of his company, it has achieved an important milestone in getting listed on the SME platform of BSE. This was described as a historic achievement in the direction of industrial development of Purvanchal.

Deputy Chief Minister Shri Keshav Prasad Maurya said that the Uttar Pradesh government is developing a transparent, simple and time bound system for investors. The aim of the government is not only to establish industries but also to ensure prosperity of farmers, employment of youth, rural development and making the state the leading economy of the country. He expressed confidence that on the strength of the public welfare and investment-friendly policies of the double engine government, Uttar Pradesh will soon take decisive steps towards the goal of a trillion dollar economy.