Odisha Govt for facilitating loans to MSMEs, identify land to house MSME units
Bhubaneswar, July 25 (KNN) Focus on creating more jobs in the state, Odisha Government has asked concerned departments to prepare credit plan to ensure credit flow to MSME sector and also identify 100 acres of land in the Kalinga Nagar Industrial Cluster to house MSME units.
According to a media report, Chief Secretary A P Padhi asked convener of State Level Banking Committee (SLBC) to prepare a credit plan within a fortnight to ensure smooth flow of loans to MSME in the state.
He also asked the Industrial Infrastructure Development Corporation (IDCO) to identify 100 acres of land in the Kalinga Nagar Industrial Cluster to house MSME units.
Additional Chief Secretary, MSME, L N Gupta said over 12.28 lakh employment opportunities have been created in the sector in 2016-17.
"About Rs 14,206 crore has been invested in the MSME sector by June this year while creating employment opportunities for over 12,28,309 people," Gupta said.
He said the units under MSME sector are mainly food processing and allied sector, chemical, electrical and electronics, metal engineering, wood, forest and wooden, glass and ceramic.
Gupta also said 21,935 units have been set up at an investment of Rs 491 crore under Prime Ministers Employment Generation Programme (PMEGP), which has created employment opportunities for 1.74 lakh people.