UP MSMEs call for conversion of leasehold land to freehold parcels

MSMEs in Uttar Pradesh are advocating for the conversion of leasehold industrial land to freehold parcels. This change is expected to provide greater security and flexibility for businesses, enabling them to invest more confidently in their operations. The conversion would also simplify the process of obtaining loans and other financial support. The call for this change comes as part of broader efforts to support the growth and development of MSMEs in the state, which play a crucial role in the local economy.