UP Cabinet Approves ₹20 Crore Loan for Outsource Service Corporation

The Uttar Pradesh government has decided to give ₹20 crore as an interest-free loan to a new company called the Uttar Pradesh Outsource Service Corporation.

This company is meant to manage outsourced services in the state in a better and more transparent way.

The loan will help the company start its work smoothly.

The government says the company won't have to pay back the loan for the first five years and will start repaying ₹2 crore every year after that for the next ten years.

The main goal is to make sure the company can do its job well without making a profit.