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12/08/2019 11:12am

Banks to be reasonable towards traders & entrepreneurs: MoS MSME

image Banks to be reasonable towards traders & entrepreneurs: MoS MSME

Bhubaneswar, Aug 12 (KNN) Union Minister for Micro, Small and Medium Enterprises Pratap Chandra Sarangi urged banks to be reasonable towards genuine traders and entrepreneurs who ease Government’s efforts on employment and job creation.

Addressing the MSME Meet-2019 organized by Odisha Association of Small and Medium Enterprises (OASME), he said neither all traders are like Nirav Modi and Vijay Mallya nor all industrialists leave the country by siphoning of funds.

Sarangi said, “Traders community eases Government’s effort on employment and job creation. They provide thousands of jobs and livelihood to the people. All traders are not like Nirav Modi and Vijay Mallya.”

He urged the OASME to arrange programmes in different parts of the State and provide helping hands to hundreds of youths of Odisha to fulfill their dream of becoming an entrepreneur.

Minister said contribution of MSME industry to manufacturing is 45 per cent, to export 20 per cent and GDP 28 per cent.

Minister of State (Independent Charge) for Energy, Industries and MSME Dibya Shankar Mishra demanded that the Centre should announce special package for cyclone Fani affected industries in Odisha.

The Government has planned two SME clusters in the State including one at Kesinga in western Odisha. The clusters will be operational soon, he added.

The two-day MSME Meet deliberated on various topics including like ‘Exports of Engineering Products-Future of Odisha’s Engineering Industries and Role of Innovation.

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