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State ranked 3rd for generating 30,000 jobs in SMEs

With the generation of over 30,000 jobs in the small and medium enterprises sector between April 2011 and February 15,2012,Uttar Pradesh has emerged as the third leading state to facilitate growth in the SME sector.

Written by Express News Service | Lucknow | July 25, 2012 3:45:01 am

With the generation of over 30,000 jobs in the small and medium enterprises (SMEs) sector between April 2011 and February 15,2012,Uttar Pradesh has emerged as the third leading state to facilitate growth in the SME sector,according to a state-wise analysis of the number of SMEs assisted,margin money utilised and estimated employment generation,conducted by Associated Chambers of Commerce and Industry of India (ASSOCHAM).

According to a release from the ASSOCHAM,the state utilised the margin money subsidy of over Rs 107 crore in assisting about 3,205 SMEs across the state.

West Bengal ranked first by generating over 43,000 job opportunities and assisted about 5,290 SME units utilising about Rs 52.49 crore of the margin money subsidy,says the analysis.

Andhra Pradesh emerged as the second leading state by generating about 33,115 job opportunities and assisted about 1,459 SME units utilising about Rs 48.9 crore of the margin money subsidy.

Tamil Nadu emerged as the fourth leading state by creating about 27,138 jobs and assisted about 1,827 SME units utilising margin money subsidy of over Rs 44.6 crore,followed by Odisha,Assam and Karnataka.

“Over 3.25 lakh jobs were generated in the SME sector by providing assistance to a total of 35,607 SME units across India utilising margin money subsidy worth about Rs 700 crore during the 11 months period between April 2011 and February 15,2012,” said DS Rawat,National Secretary General, ASSOCHAM.

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