"Demonetisation has caused problems to the poor, farmers, labourers and also hindered their normal work...It has benefited banks and industrialists," he said.
Yadav was talking to reporters on the sidelines of a function at the house of UP Minister Shailendra Yadav.
To a question, he said that so far one crore applicants have got themselves registered for Samajwadi Party government's ambitious smart phone scheme.
Stressing that his government was working for welfare of all sections of the society, he cited various schemes like distribution of laptops for youth, 'Kanya Vidhyadhan' for girls and 'Lohia Avas Yojna''.
The UP CM said his government was also extending help to army jawans martyred while protecting the country's borders.
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