Uttar Pradesh continues to lead the charts in the total share of approved projects by banking and financial institutions, according to the August 2023 bulletin of the Reserve Bank of India. The state had a share of 16.2% in 2022-23, maintaining its number one position for the second consecutive year, said a government statement. 

• The statement said the figures presented in the RBI bulletin indicated that under the leadership of Yogi Adityanath, Uttar Pradesh has not only gained the trust of investors but also of national banks and financial institutions.
• From 2013-14 to 2020-21, the state’s average percentage share of approved projects’ cost was 4.4%.
• However, there was a remarkable improvement in the last two financial years. In 2021-22, Uttar Pradesh held a share of 12.8 % in the total cost, which further grew by 3.4 % in the period from 2021-22 to 2022-23.
• These two years have seen an increase of 11.8 % in the state’s share of project costs.