Current Affairs Exam

UP govt announces conditional subsidies for upcoming firms

In his ongoing attempt to ensure EMPLOYMENT to the youth of Uttar Pradesh in industrial units being set up in different sectors in the state, Chief Minister Yogi Adityanath announced conditional subsidies for the investors.

The government has divided the into four categories, keeping in view the increase in industrial activities in UP, and has told the investors that they would get subsidies on various items if they provided employment to the youth as per their merits and the industry standards.

The Yogi government has recently brought a new Industrial Investment and Employment Promotion Policy 2022 to provide new opportunities for investment and employment in the state. Under the new policy, the industry has been divided into four categories namely, large, mega, super mega and ultra mega, to increase investment in the state.

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