Yogi Adityanath announces Rs 1,000 crore start-up corpus

A formal MOU will be signed with SIDBI, says Yogi

Uttar Pradesh chief minister Yogi Adityanath today gave a clarion call for unlocking the youth power through entrepreneurship for spurring economic development and employment generation in the state. 

He further informed that UP had decided to create a corpus of Rs 1,000 crore to promote start-ups and entrepreneurial ventures and a formal Memorandum of Understanding (MoU) would be signed with the Small Industries Development Bank of India (SIDBI) on September 15. 

On its part, SIDBI had in 2016 launched a Rs 10,000 crore ‘SIDBI Make in India Soft Loan Fund for MSMEs’ (SMILE) scheme to provide soft loan to MSMEs in form