Chief Minister Yogi Adityanath has given instructions to provide training in marketing designing, packaging and technology to the youth associated with the Chief Minister’s Youth Entrepreneur Development Campaign. Banks have been given the target of setting up loan distribution camps in 18 divisions and increasing the CD ratio from 67 to 70%. So far, loans worth Rs 348 crore have been distributed to 9013 youth.
Chief Minister Yogi Adityanath has instructed the officials to provide training to the youth joining the Chief Minister’s Yuva Udyami Vikas Abhiyan. The government will work to connect the youth with marketing, designing, packaging and technology.
It has been asked to set up camps in all 18 divisions for loan distribution. It has also been directed that efforts should be made with the target of increasing the credit deposit ratio (CD ratio) from 67 to 70 percent in the financial year 2025-26.
The Chief Minister reviewed the credit deposit ratio (CD ratio) and the Chief Minister’s Yuva Udyami Vikas Abhiyan on Saturday. During the review of the campaign, the Chief Minister said that our youth have the ability to move forward with vision and innovation. With the cooperation of banks, the state government is working to provide capital to the youth through this campaign.
He said that the Chief Minister Yuva Udyami Vikas Abhiyan was launched on 24 January 2025 to accelerate the potential of the youth of UP, which has the highest youth population in the country. At least one lakh youth who have received skill training in a year are to be linked to self-employment through this scheme. This will establish one lakh new units in the product and service sector.
In the first phase of the campaign, interest-free loan up to Rs 5 lakh is being provided to each beneficiary. In the second phase, this amount will be Rs 10 lakh. Under the scheme, about two and a half lakh registrations have been done in a month itself. In which more than 93 thousand applications have been sent to the banks. Banks have paid loans worth Rs 348 crore to 9013 youth.
Speed up the provision of loans to the beneficiaries: Yogi
The Chief Minister said that banks should speed up the provision of loans to the beneficiaries of the campaign. Banks should set a target for every branch of every district. Women, SC-ST and Divyang should also be included in the scheme.
The Chief Minister said that today Uttar Pradesh has emerged as the best destination for investment. The MSME sector has played an important role in increasing the exports of the state. He said that employment fairs should be organized in the months of March-April in 20 to 25 districts lagging behind in CD ratio.
Banks should ensure that BC Sakhis conducting banking activities in villages get their commission on time. He said that the banking sector has made a commendable contribution in making the Maha Kumbh a success. He directed that the meeting of the Uttar Pradesh State Level Bankers Committee should be held in two to three months under the chairmanship of the Chief Secretary and it should be organized every month at the district level.
How much has the banking business increased?
During the meeting, the Chief Minister was told that the total banking business of the state has increased from Rs 12.80 lakh crore in March 2017 to Rs 29.67 lakh crore in December 2024. Loans worth Rs 4.05 lakh crore were disbursed by banks in the state till March 2017, which has increased to Rs 11.08 lakh crore in December 2024. The CD ratio has increased by 13.43 percent as compared to March 2017.
