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Odisha presents its state budget 2019-20; MSMEs feel neglected

Updated: Jun 29, 2019 09:15:06am
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Odisha presents its state budget 2019-20; MSMEs feel neglected

Bhubaneswar, June 29 (KNN) As Odisha government presented a Rs 1,39,000 crore budget for 2019-20 in the State Assembly, Micro, Small and Medium Enterprises (MSMEs) in the state have felt completely neglected.

With the focus on agriculture, poverty reduction, rural development and empowerment of women and youth, there were no provisions and incentives announced for MSMEs in the budget, said Abani Kanungo, President of Odisha Industries Association (OIA).

Speaking with KNN India, Kanungo stated “Without development of MSMEs and industries, the problem of unemployment will not be solved.”

Disappointed with the state budget, he said “Unfortunately, there is nothing for the sector in the Budget.”

The State Finance Minister, Niranjan Pujari presented the budget in two parts – first as agriculture budget and the second as general budget.

The proposed agriculture budget, with an outlay of Rs 20,714 crore, is about three times the size of the first agriculture budget presented in 2013-14.

With substantial increase in investment in infrastructure we intend to increase economic activities and attract manufacturing and service industries especially in the MSME sector, said the Minister.

Observing that education and skills were the key drivers of human development and enablers of employment and livelihood, the Finance Minister proposed an allocation of ₹19,492 crore for the sector.

“Overall, it’s a pro-farmer, pro-women, pro-poor and growth-oriented budget,” said Chief Minister Naveen Patnaik reacting to the budget.

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