The Uttar Pradesh government has approved an interest-free loan of Rs 2,474 crore for the Yamuna Expressway Industrial Development Authority (YEIDA), giving a major push to land acquisition and industrial development in the Yamuna Expressway region.
According to a government order, the funds have been sanctioned under the Chief Minister’s Industrial Area Expansion and New Industrial Area Promotion Scheme for the 2025–26 financial year. The allocation forms part of the Rs 5,500 crore earmarked under the scheme for the current year.
Officials said the money will be used to accelerate land purchases through mutual consent with farmers, enabling the development of new industrial sectors and the expansion of existing ones in Yamuna City.
The loan will have to be repaid by YEIDA in accordance with conditions outlined in government guidelines issued on 2 August, 2023. The order also requires strict adherence to financial rules, budgetary procedures and audit norms, with the authority held accountable for any irregularities.
The release of funds is expected to significantly speed up ongoing projects in the region, where land acquisition is already underway in multiple sectors.
Officials confirmed that acquisition has been completed in industrial Sector 8D, where a solar power generation unit is planned, along with logistics and warehousing facilities close to the upcoming Noida International Airport.
Further land acquisition is proposed in Sectors 5, 6, 7, 10 and 11, as well as remaining parcels in older industrial sectors. Once acquisitions are completed, YEIDA plans to fast-track development works and allot plots to major companies to stimulate industrial growth and employment.
