Odisha creates 55,567 jobs in MSME sector

The state government has set a target to generate 3.30 lakh jobs by setting up 66,000 new MSME units during 2016-17

Bhubaneswar | Published:October 31, 2016 11:30 am
Micro, Small and Medium Enterprises, MSME, MSMEs, India MSME policy, National MSME policy, Kalraj Mishra, bank loans to MSMEs, MSME sector growth, MSME exports, India exports, Khadi products, stressed loans to MSMEs, MSME stressed loans, MSME bad loans, MSME manufacturing, MSME census online, A Scheme for Promotion of Innovation, Rural industry and Entrepreneurship, Fund for Regeneration of Traditional Industries, Prime Minister's Employment Generation Programme, India manufacturing, India news, India economy, Business news There are about 1.5 million MSME units in the state providing jobs to 3.3 million people, said sources

The Odisha government has created 55,567 jobs through new Micro, Small and Medium Enterprises (MSMEs) by September this year, said an official on Sunday.

The state government has set a target to generate 3.30 lakh jobs by setting up 66,000 new MSME units during 2016-17, and the MSME department has facilitated setting up 17,741 units to create 55,567 jobs by the end of September. said the official.

The state government has drawn a district industries centre-wise plan to achieve the objectives, but the department has failed to achieve the set target in 2015-16. While it had set a target to generate three lakh employment through 60,000 new MSMEs, it could only set up 53,895 units that created 1.75 lakh jobs in 2015-16, said the official.

Meanwhile, the state government has decided to engage a project management agency for development MSME clusters in the state. There are about 1.5 million MSME units in the state providing jobs to 3.3 million people, said sources.

Sources also added that entrepreneurs are facing problem to set up their MSME units as the national banks are not extending loans to them. The state government has several times raised the issues at the meetings of State Level Bankers’ Committee.

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