Odisha plans to generate 300,000 jobs via 60, 000 MSMEs
Updated: Jun 02, 2015 11:49:25am
Bhubaneswar, Jun 2 (KNN) The Odisha government has sets a target to generate 300,000 jobs through 60,000 new micro, small and medium enterprises (MSMEs) in 2015-16.
According to a media report, decision was taken at a meeting chaired by chief secretary, GC Pati to discuss credit facilitation to MSMEs.
The state government has drawn a district industries centre (DICs) wise plan to achieve the objectives. The state intends that minimum 80 per cent of the enterprises promoted should be in the manufacturing sector.
The target for promotion of the new MSMEs in the state and districts are to be furnished to the State Level Bankers' Committee (SLBC) for fixing the target for individual banks to facilitate credit, said the report.
The state government has set a tentative target to advance loans of Rs 12,000 crore to the 60,000 new MSMEs in 2015-16 for the growth of the sector.
In the last financial year, the banks had advanced Rs 8,038.60 crore against the target of Rs 5,719.13 crore given in the annual credit plan for the financial year to micro and small enterprises (MSEs). The public sector banks have disbursed Rs 5,421.60 crore to the MSE sector.
Private sector banks and regional rural banks have advanced loans of Rs 1,011.79 crore and Rs 1,572.61 crore to the sector respectively. (KNN Bureau)
According to a media report, decision was taken at a meeting chaired by chief secretary, GC Pati to discuss credit facilitation to MSMEs.
The state government has drawn a district industries centre (DICs) wise plan to achieve the objectives. The state intends that minimum 80 per cent of the enterprises promoted should be in the manufacturing sector.
The target for promotion of the new MSMEs in the state and districts are to be furnished to the State Level Bankers' Committee (SLBC) for fixing the target for individual banks to facilitate credit, said the report.
The state government has set a tentative target to advance loans of Rs 12,000 crore to the 60,000 new MSMEs in 2015-16 for the growth of the sector.
In the last financial year, the banks had advanced Rs 8,038.60 crore against the target of Rs 5,719.13 crore given in the annual credit plan for the financial year to micro and small enterprises (MSEs). The public sector banks have disbursed Rs 5,421.60 crore to the MSE sector.
Private sector banks and regional rural banks have advanced loans of Rs 1,011.79 crore and Rs 1,572.61 crore to the sector respectively. (KNN Bureau)
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