Yadav told media persons after a cabinet meeting that such slashing of his security will not deter him from his job.
"We socialists are not unduly worried about all this. I will continue to move around and work for development of the state," he said.
The home ministry is learnt to be contemplating a major slashing of the security cover to many politicians in Uttar Pradesh, including Akhilesh Yadav and his father and Samajwadi Party chief Mulayam Singh Yadav.
Meanwhile, the cabinet cleared a proposal to set up modern schools across the state at the block level.
The cabinet okayed ultra-modern police control rooms in two districts and upgradation of such control rooms in 18 other districts.
It also approved a proposal to set up a Climate Change Authority in the state, aimed at taking on the challenges faced by farmers due to the vagaries of weather, a government spokesman said.