Uttar Pradesh aims for 100,000 loans disbursement

Uttar Pradesh Finance Minister Suresh Khanna has called on banks to speed up loan disbursements under the Mukhyamantri Yuva Udyami Vikas campaign. He wants to reach a target of 100,000 loans by March 31. During a recent meeting, Khanna reviewed the campaign's progress with bank representatives and the additional chief secretary of finance. He encouraged banks to hold special camps to help young entrepreneurs access loans. He emphasized that loans for already approved applications should be disbursed immediately. Khanna noted that banks have not yet claimed margin money for 3,551 applications and urged them to do so without delay. This campaign aims to support 100,000 youths with loans for the 2024-2025 period. So far, banks have received 118,981 applications. Among these, 32,087 have been approved, but loans have only been disbursed to 16,924 beneficiaries. There are still 41,374 applications awaiting approval and 15,163 pending loan disbursement.