LUCKNOW: In its search for employment generating avenues, the state government is working towards ensuring that at least 1 crore people are employed by the MSME sector by the end of March 2021.

Towards this end, the government will be providing loans to 20 lakh MSME units, helping new units to set up and existing units to expand and come out of the Covid-19 led economic slowdown.

Additional chief secretary (MSME) Navneet Sehgal, while addressing an event at the Ram Manohar Lohia Awadh University in Ayodhya on Thursday, said that the MSME sector will become the growth engine for jobs and self-employment and in turn, provide a boost for the economy.

“By March 2021, the government will be giving loans to 20 lakh MSME units through which the employment for one crore people can be generated. Every man is an entrepreneur,” Sehgal said.

“People should stop thinking that any work is small. If a person has ideas, training, and capital, then anyone can start a business,” Sehgal added.

Sehgal said that the UP government has been providing loans on easy terms to entrepreneurs and if they approached the government with feasible project ideas, they could be given easy loans.

Rupinder Brar, additional director general of the ministry of tourism, spoke about the employment generation potential of the tourism sector. He said that once the Covid-19 pandemic would over and when various ongoing projects being implemented by the government would complete, this capacity would be augmented. “The Central and state governments will work together to make Ayodhya the most beautiful city in the world which will attract tourists from all over,” he said.

Vice-Chancellor of Avadh University Ravi Shankar Singh laid stress on the need for financial literacy. He said that financial literacy is a new type of educational revolution and Uttar Pradesh needs to move in this direction. Event organiser Zafar Sareshwala agreed with Singh, adding: “Here, even well-educated people are financially illiterate.”

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