The Uttar Pradesh Micro, Small & Medium Enterprises Promotion Policy 2022 has been instrumental in positioning Uttar Pradesh as a leading state in MSME growth, significantly contributing to employment, exports, and GDP.
o Micro, small, and medium enterprises in the Bundelkhand and Purvanchal regions are eligible for capital subsidies of 25%, 20%, and 15%, respectively.
o In the Madhyanchal and Paschimanchal regions, the subsidies are 20%, 15%, and 10%, respectively.
o The subsidy is capped at INR 4 crore per unit, with additional benefits for SC/ST and women entrepreneurs.
o SC/ST and women-led enterprises are eligible for a 60% interest subsidy under the same terms.
o This policy aims to foster local entrepreneurship, reduce migration, and ensure inclusive growth, aligning with initiatives like Make in India and the state's One District One Product (ODOP) scheme