Every district in Odisha would have MSME parks, the government claims

Every district in Odisha would have MSME parks, the government claims

According to a senior government official, the government of Odisha has plans to establish MSMEs parks in each of the state's 30 districts.

According to chief secretary S C Mohapatra, MSMEs would get all infrastructural assistance, including land, power, and water in the districts.

He stated at the Propack Odisha 2022 and MSME Odisha 2022 closing session organized by the Odisha Assembly of Small and Medium Enterprises (OASME) on Sunday that the Odisha Industrial Infrastructure Development Corporation (IDCO) has been given more than Rs 450 crore to develop the necessary infrastructure in the districts for the purpose.

"Bank financing of MSMEs has grown by 30–40% over the last several years, which is positive. In response to claims made by business owners that banks were uncooperative, Mohapatra said that Chief Minister Naveen Patnaik has attended two rounds of meetings with bankers in this respect.
P K Deb, the minister of industries for Odisha, said that the younger generation must take risks and not rely only on government assistance.

"Odisha has the finest industrial infrastructure. Odisha is getting big, heavy industries. Yet MSME is what the state wants most. Industry organizations need to step up and propose a change in policy, according to him.
Since that this industry is a key pillar of economic growth, state finance secretary Vishal Dev requested banks to guarantee that financing was available for MSMEs. However this sector's businesses often struggle with finance.
He said that banks have been instructed to ensure that financing for MSMEs is available and to take care of the quality of such financing.

Also, the government actively arranges frequent seminars with a number of banks and trading platforms.

"By the end of the year, we want to have added all PSU banks to trade discounting systems. Dev said that it would tremendously boost MSME and asked banks to provide more money than what is intended for theM