UP government boosts MSMEs: Rs 2.48 lakh crore credit and women erntrepreneurship drive growth

The Yogi Adityanath government's MSME policies have given new momentum to small and micro industries in Uttar Pradesh. Currently, over 96 lakh MSME units operate in the state, the highest in India, generating employment for more than 2 crore people.MSME credit in the state rose to Rs 2.48 lakh crore in FY 2025, up 20 percent from Rs 2 lakh crore in FY 2024. By FY 2026, credit is expected to reach Rs 4.46 lakh crore, a 52 percent growth. Schemes like PMEGP provide 25-35 percent subsidies, supporting small entrepreneurs financially.The government has promoted digital technology to ease business processes. Platforms like Nivesh Mitra and the single-window system allow online applications, approvals and certifications. The MSME One Connect Portal simplifies ZED certification, PMEGP applications and other processes save time and costs for industries.Uttar Pradesh is becoming a hub for women-led businesses. Out of 1.4 crore women-led MSMEs in India, many are from UP. Skill development missions train women in trades such as beauty parlour services, stitching, handloom and sanitary product manufacturing. Networking platforms further encourage women investors.Schemes like Mission Shakti, One District One Product (ODOP), Women Self-Help Groups, and the Startup Policy are empowering women economically. A strong focus on safety and zero-tolerance crime policies has created a secure environment, boosting investor confidence.With MSME credit expected to grow 52% by FY 2026, Uttar Pradesh is steadily moving toward becoming a one trillion-dollar economy. NABARD estimates priority sector credit at ₹7.69 lakh crore in FY 2026, 34% higher than FY 2025. The state is emerging as India’s national hub for micro, small, and medium industries.